turns out to become this highly energetic mediator between powerful business interests and labor unions, between the consumer and businesses. He uses the power of U.S. Navy contracts to end child labor. Within months of assuming the presidency, he makes the argument that since the corporate form itself is a creation of the law, meaning that the idea of limited liability does not exist in nature and only exists because the government recognizes it as such, it made little sense to him that the government should not have any regulatory authority. His presidency set the trajectory for American
...more
