Which of the following statements best summarizes the changing relationship between the federal government and private business under President Theodore Roosevelt?
New tax laws imposed heavy penalties on the income of the wealthy to fund federal programs aiding the poor.
Federal legislation sought the elimination of all forms of trusts and business consolidation.
Despite prosecuting some companies for violation of antitrust laws, many practices of private business remained unregulated.
Private business was replaced by nationalization of key industries under a socialist economic system.
