Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
United States Steel Corporation
B
American Tobacco Company
C
Standard Oil Company
D
General Motors
Understanding the Answer
Let's break down why this is correct
Answer
The Sherman Antitrust Act was famously applied in the 1904 case Northern Securities Co. v. United States, which broke up a railroad trust. The Clayton Antitrust Act, which expanded on Sherman’s provisions, was first applied in the 1923 case United States v. E.
Detailed Explanation
The Clayton Act (law that stops price‑fixing and merging that hurt competition) was written to cover gaps left by the Sherman Act (law that stops unfair business practices). Other options are incorrect because A large steel company was mainly handled by the Sherman Act (law that stops unfair business practices), not Clayton (law that stops price‑fixing); The oil monopoly was split up by the Sherman Act (law that stops unfair business practices), not Clayton (law that stops price‑fixing).
Key Concepts
Antitrust legislation
Monopoly regulation
Government intervention
Topic
Sherman Antitrust Act Application
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Sherman Antitrust Act : Monopoly :: Clayton Antitrust Act : ?
mediumHistory
Practice
2
Question 2Monopoly:Market Control :: Sherman Antitrust Act: ?
easyHistory
Practice
3
Question 3Sherman Antitrust Act:Labor Unions :: Clayton Antitrust Act:?
easyHistory
Practice
4
Question 4What is the correct sequence of events in the application of the Sherman Antitrust Act starting from the identification of a monopoly to its regulation?
mediumHistory
Practice
5
Question 5What was the primary cause behind the application of the Sherman Antitrust Act against the Northern Securities railroad trust in 1904?
easyHistory
Practice
6
Question 6How did the Sherman Antitrust Act impact monopolies like the Northern Securities railroad trust?
easyHistory
Practice
7
Question 7Which of the following actions exemplify the application of the Sherman Antitrust Act in regulating monopolies? Select all that apply.
hardHistory
Practice
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