Theodore Roosevelt: An Autobiography,1913

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I hold that a corporation does ill if it seeks profit in restricting production . . . or seeking to achieve monopoly by illegal . . . treatment of its competitors. . . . If, on the other hand, a corporation seeks profit solely by . .. treating the public . . . and its rivals fairly:then such a corporation is behaving well. It is an instrumentality of civilization operating to promote abundance by cheapening the cost of living so as to improve conditions everywhere throughout the whole community.
—Theodore Roosevelt: An Autobiography,1913

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Word Lists:

Corporation : a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Instrumental : serving as a means of pursuing an aim or policy

Monopoly : the exclusive possession or control of the supply of or trade in a commodity or service

Competitor : a person who takes part in an athletic contest

Solely : not involving anyone or anything else; only

Illegal : contrary to or forbidden by law, especially criminal law

Abundance : a very large quantity of something

Restrict : put a limit on; keep under control

Civilization : the stage of human social and cultural development and organization that is considered most advanced


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Rating: C

Words: 81

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