Learning Path
Question & Answer
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monopolies
labor unions
state regulations
international trade agreements
Understanding the Answer
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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
Sherman Antitrust Act History
hard level question
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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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