Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Regulating monopolies in big business
B
Limiting the power of labor unions
C
Promoting fair trade practices
D
Increasing government intervention in the economy
Understanding the Answer
Let's break down why this is correct
Answer
The Sherman Antitrust Act was first aimed at breaking up monopolies and stopping companies from using unfair tactics to control markets. It made it illegal for businesses to agree on prices, divide markets, or otherwise restrain trade in ways that hurt competition. By targeting these anti‑competitive agreements, the law sought to keep markets open and fair for consumers and smaller firms. For example, if a railroad company tried to fix freight rates, the Act would allow it to be challenged and potentially shut down. This focus on restraining trade helped lay the groundwork for modern competition law.
Detailed Explanation
At first, the Act was used to stop labor unions from striking or organizing. Other options are incorrect because Many think the law began against large firms; Some think it was about promoting fair trade.
Key Concepts
Antitrust Legislation
Labor Relations
Economic Policy
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?
easyHistory
Practice
2
Question 2What was the primary purpose of the Sherman Antitrust Act when it was enacted?
mediumHistory
Practice
3
Question 3What was the primary goal of the Sherman Antitrust Act?
easyHistory
Practice
4
Question 4What was a primary cause that led to the enforcement of the Sherman Antitrust Act in 1890?
easyHistory
Practice
5
Question 5The Sherman Antitrust Act, enacted in 1890, was primarily aimed at preventing __________ that interfered with interstate trade.
hardHistory
Practice
6
Question 6What was the primary intent of the Sherman Antitrust Act when it was first enacted?
easyHistory
Practice
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