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Question & Answer
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It reduced government intervention and allowed monopolies to thrive.
It promoted competition by curbing monopolistic practices.
It increased the number of trusts and monopolies in the economy.
It had no significant impact on market competition.
Understanding the Answer
Let's break down why this is correct
The law made it illegal for companies to form trusts that controlled too many markets. Other options are incorrect because Many think the law gave the government less power, but it actually gave the government the power to break up big companies; The law was aimed at reducing trusts, not making them bigger.
Key Concepts
Sherman Antitrust Act
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Deep Dive: Sherman Antitrust Act
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Definition
The Sherman Antitrust Act was a landmark legislation in the late 19th century aimed at curbing the growth of monopolies and trusts that were stifling competition in the marketplace. It signaled a shift towards government intervention to promote fair competition and prevent the abuse of economic power by large corporations.
Topic Definition
The Sherman Antitrust Act was a landmark legislation in the late 19th century aimed at curbing the growth of monopolies and trusts that were stifling competition in the marketplace. It signaled a shift towards government intervention to promote fair competition and prevent the abuse of economic power by large corporations.
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