Learning Path
Question & Answer
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To promote fair competition by preventing monopolies
To regulate prices of goods and services
To provide financial support to struggling businesses
To create government-owned enterprises
Understanding the Answer
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The law was created to stop one company from taking over a whole market. Other options are incorrect because Some think the act set prices, but it does not; The act is not a bank that gives money to businesses.
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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