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美国托拉斯企业在其国内的失意,不等于托拉斯的失败,更不等于托拉斯的终结。1904年到1921年,美国前后三任总统,西奥多·罗斯福、威廉·霍华德·塔夫脱、伍德罗·威尔逊,任内分别提起44起、90起、80起托斯拉分拆案。这18年,被视为世界反垄断的黄金岁月,也是几乎其他所有国家构建反垄断机制时必须参照、借鉴的一段历史,约翰·皮尔庞特·摩根的北方证券公司、约翰·戴维
The frustration of American trust companies in their own country does not mean that the Trust’s failure, but not equal to the end of the trust. From 1904 to 1921, the United States had three presidencies before and after, Theodore Roosevelt, William Howard Taft, and Woodrow Wilson, and they filed 44 cases, 90 cases, and 80 cases of Tosla respectively. This 18-year period is regarded as the golden age of the world’s anti-monopoly, and it is also a history that almost all other countries must use for reference when building anti-monopoly mechanisms. John Pierpont Morgan’s Northern Securities Company, John Davies