Learning Path
Question & Answer
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A merger between two large technology firms that reduces market competition
A labor union organizing a strike to demand better wages
A small business filing a lawsuit against a larger competitor for unfair practices
A government investigation into price-fixing among several pharmaceutical companies
Understanding the Answer
Let's break down why this is correct
In the late 1800s, the Sherman Act was first used to stop labor unions from blocking trade. Other options are incorrect because The merger of tech firms is a modern corporate issue, not an early use of the Sherman Act; A small business suing a rival shows unfair competition, but it was not the Act’s first major case.
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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