Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
monopolies
B
labor unions
C
state regulations
D
international trade agreements
Understanding the Answer
Let's break down why this is correct
Answer
The Sherman Antitrust Act was created to stop monopolistic practices that hurt competition in interstate commerce. It made it illegal for companies to collude, fix prices, or use any means to create a monopoly. By breaking up such monopolies, the law kept markets open and fair for consumers and smaller businesses. For example, if a railroad company tried to charge all customers the same high price, the Act would allow the government to intervene and prevent that unfair control. Thus, the Act aimed to protect free trade across state lines.
Detailed Explanation
The Act was written to stop situations where one company becomes so powerful that it can set prices or block other businesses from competing. Other options are incorrect because Some think the Act was mainly for worker groups, but it was not created to fight labor collectives; People sometimes think it was about rules made by each state.
Key Concepts
Antitrust legislation
Economic regulation
Labor relations
Topic
Sherman Antitrust Act History
Difficulty
hard level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1The Sherman Antitrust Act was primarily designed to prevent the formation of __________ that could restrict competition in the marketplace.
easyHistory
Practice
2
Question 2The Sherman Antitrust Act was primarily enacted to prevent __________ and promote fair competition in the marketplace.
easyHistory
Practice
3
Question 3What was a primary cause that led to the enforcement of the Sherman Antitrust Act in 1890?
easyHistory
Practice
4
Question 4What was a key initial focus of the Sherman Antitrust Act when it was enacted in 1890?
easyHistory
Practice
5
Question 5What was the primary intent of the Sherman Antitrust Act when it was first enacted?
easyHistory
Practice
6
Question 6The Sherman Antitrust Act was primarily applied to regulate __________ in order to promote fair competition and prevent monopolies.
easyHistory
Practice
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