Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
The breakup of the Northern Securities Company
B
The establishment of the Federal Reserve
C
The creation of the Interstate Commerce Commission
D
The merger of two large tech companies
Understanding the Answer
Let's break down why this is correct
Answer
The classic example is United States v. Standard Oil, decided in 1911, because it was the first major case where the Sherman Antitrust Act was used to break up a monopoly. In that case, Standard Oil controlled almost all U. S. oil refining, used predatory pricing and exclusive contracts to push competitors out, and then raised prices once it had eliminated rivals.
Detailed Explanation
The Northern Securities breakup was a direct use of the Sherman Act. Other options are incorrect because A common mistake is thinking the Federal Reserve is an antitrust case; Many think creating a regulatory body is the same as using the Sherman Act.
Key Concepts
Sherman Antitrust Act
Monopoly Regulation
Interstate Commerce
Topic
Sherman Antitrust Act Application
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Which scenario best illustrates the enforcement of the Sherman Antitrust Act?
mediumHistory
Practice
2
Question 2Which of the following scenarios best exemplifies a violation of the Sherman Antitrust Act?
mediumHistory
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3
Question 3Which of the following actions are typically considered as enforcement measures under the Sherman Antitrust Act? (Select all that apply)
mediumHistory
Practice
4
Question 4Which of the following scenarios best exemplifies the application of the Sherman Antitrust Act in its historical context?
mediumHistory
Practice
5
Question 5Which of the following statements accurately reflect the implications and historical context of the Sherman Antitrust Act? (Select all that apply)
mediumHistory
Practice
6
Question 6What 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
7
Question 7The Sherman Antitrust Act was primarily applied to regulate __________ in order to promote fair competition and prevent monopolies.
easyHistory
Practice
8
Question 8How did the Sherman Antitrust Act impact monopolies like the Northern Securities railroad trust?
easyHistory
Practice
9
Question 9Which 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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