Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
To dismantle monopolies and promote competition
B
To regulate labor unions
C
To protect small businesses from larger corporations
D
To establish a federal income tax
Understanding the Answer
Let's break down why this is correct
Answer
The Sherman Antitrust Act was created to stop companies from forming monopolies that could hurt consumers and other businesses. Its main goal was to keep markets competitive by making it illegal for firms to combine in ways that would limit trade or raise prices unfairly. The law says that any agreement or practice that restrains trade or attempts to monopolize is unlawful. For example, the breakup of Standard Oil in 1911 was carried out under this Act to restore competition among oil producers.
Detailed Explanation
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
Labor Unions
Monopolies
Topic
Sherman Antitrust Act History
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1What was the primary effect of the Sherman Antitrust Act in the marketplace during the late 19th century?
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Practice
2
Question 2The Sherman Antitrust Act was primarily designed to prevent the formation of __________ that could restrict competition in the marketplace.
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Practice
3
Question 3What was the primary purpose of the Sherman Antitrust Act when it was enacted?
mediumHistory
Practice
4
Question 4What was the primary goal of the Sherman Antitrust Act?
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Practice
5
Question 5Which of the following statements accurately reflect the principles and goals of the Sherman Antitrust Act? Select all that apply.
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Practice
6
Question 6The Sherman Antitrust Act was primarily enacted to prevent __________ and promote fair competition in the marketplace.
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Practice
7
Question 7What was a primary cause that led to the enforcement of the Sherman Antitrust Act in 1890?
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Practice
8
Question 8What was a key initial focus of the Sherman Antitrust Act when it was enacted in 1890?
easyHistory
Practice
9
Question 9The Sherman Antitrust Act, enacted in 1890, was primarily aimed at preventing __________ that interfered with interstate trade.
hardHistory
Practice
10
Question 10The Sherman Antitrust Act was primarily applied to regulate __________ in order to promote fair competition and prevent monopolies.
easyHistory
Practice
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