THE PROGRESSIVE ERA 1900 1917
THEODORE ROOSEVELT THE PROGRESSIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal laws designed to protect consumers from unsafe products
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the Federal Government’s response to changes in the economy
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Federal laws designed to control spending
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the Federal Government’s attempts to regulate big business
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Detailed explanation-1: -The Sherman Anti-Trust Act authorized the federal government to institute proceedings against trusts in order to dissolve them. Any combination “in the form of trust or otherwise that was in restraint of trade or commerce among the several states, or with foreign nations” was declared illegal.
Detailed explanation-2: -The most common violations of the Sherman Act and the violations most likely to be prosecuted criminally are price fixing, bid rigging, and market allocation among competitors (commonly described as “horizontal agreements”).
Detailed explanation-3: -One of the act’s main provisions outlaws all combinations that restrain trade between states or with foreign nations. This prohibition applies not only to formal cartels but also to any agreement to fix prices, limit industrial output, share markets, or exclude competition.