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Question & Answer
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To dismantle monopolies and promote competition
To regulate labor unions
To protect small businesses from larger corporations
To establish a federal income tax
Understanding the Answer
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The Sherman Antitrust Act was originally drafted to control the power of labor unions, limiting their ability to organize and strike. Other options are incorrect because Many think the Act started to fight monopolies, but the early laws focused on union activities rather than business size; Some believe it protected small companies, but the law was not aimed at business size.
Key Concepts
Sherman Antitrust Act History
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Deep Dive: Sherman Antitrust Act History
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Definition
The Sherman Antitrust Act, enacted in 1890 under President Benjamin Harrison, was initially used against labor unions instead of big businesses. It aimed to prevent combinations that interfered with interstate trade. The Act's enforcement history reveals shifts in political and economic priorities over time.
Topic Definition
The Sherman Antitrust Act, enacted in 1890 under President Benjamin Harrison, was initially used against labor unions instead of big businesses. It aimed to prevent combinations that interfered with interstate trade. The Act's enforcement history reveals shifts in political and economic priorities over time.
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