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Question & Answer
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To curb the growing power of labor movements that were seen as a threat to economic stability
To promote the interests of large corporations over small businesses
To ensure that monopolies in the agricultural sector were dismantled
To establish a precedent for government intervention in free markets
Understanding the Answer
Let's break down why this is correct
At the time the law was written, business owners worried that large unions could stop work, raise wages, and cause big economic shifts. Other options are incorrect because Some think the law was made to favor big businesses; It is easy to assume the Act was aimed only at agricultural monopolies.
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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