The “Teddy Bear” is named in honor of President Theodore Roosevelt. President Roosevelt refused to shoot a bear on a hunt in 1902 and candy shop and stuffed animal maker Morris Michtom created “Teddy’s Bear” after the story got out. – WTF Fun Facts
Source: https://www.nps.gov/thrb/learn/historyculture/storyofteddybear.htm
Also the wording is kind of awkward with the double ‘and’.
This is wrong, he refused to shoot a bear that was tied up