THE PROGRESSIVE ERA 1900 1917
PROGRESSIVE POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trust Busting
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Government activities aimed at breaking up monopolies and big businesses
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Law that established strict sanitary requirements for the meat packing industry and required frequent inspections by the federal government
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Law that set up a system of federal banks and gave government the power to control the money supply
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Law that substantially reduced the tariff; lost revenue was paid for by the graduated income tax created by the 16th Amendment
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Explanation:
Detailed explanation-1: -The Supreme Court majority found that all monopolies tended to restrain trade and “to deprive the public of the advantages that flow from free competition.” The court ordered the breakup of the Northern Securities Company into independent competitive railroads.
Detailed explanation-2: -By eliminating competition, trusts could charge whatever price they chose. Corporate greed, rather than market demands, determined the price for products. Progressives advocated legislation that would break up these trusts, known as “trust busting."
Detailed explanation-3: -: one who seeks to break up business trusts. specifically : a federal official who prosecutes trusts under the antitrust laws. trust-busting.
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