WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to regulate big business
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to stop yellow journalism
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to get rid of machine politics
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to bail out the government
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Detailed explanation-1: -Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Anti-trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts.
Detailed explanation-2: -What is the purpose of the Sherman Antitrust Act? The Sherman Antitrust Act was enacted in 1890 to curtail combinations of power that interfere with trade and reduce economic competition. It outlaws both formal cartels and attempts to monopolize any part of commerce in the United States.
Detailed explanation-3: -Its critics pointed out that it failed to define such key terms as “combination, ” “conspiracy, ” “monopoly” and “trust.” Also working against it were narrow judicial interpretations as to what constituted trade or commerce among states.