THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following occurred as a result of the Sherman Antitrust Act?
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Workers secured a greater share of company profits
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The influence of labor unions on factory owners was reduced
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The federal government could dissolve business monopolies
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Businesses were required to pay fees to open overseas locations
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Explanation:
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: -Following the breakup of sugar, tobacco, oil, and meatpacking monopolies, big business didn’t know where to turn. There were no clear guidelines about what constituted monopolistic business practices.
There is 1 question to complete.