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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The first antitrust law to include a provision prohibiting price setting and price discrimination was the
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Interstate Commerce Act
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Sherman Antitrust Act
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Clayton Antitrust Act
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Federal Trade Commission Act
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Explanation:
Detailed explanation-1: -An act to protect trade and commerce against unlawful restraints and monopolies.
Detailed explanation-2: -The first vigorous enforcement of the Sherman Act occurred during the administration of U.S. Pres. Theodore Roosevelt (1901–09).
Detailed explanation-3: -The Sherman Antitrust Act of 1890 was proposed by Sen. John Sherman of Ohio and later amended by the Clayton Antitrust Act. The Sherman Act prohibited trusts and outlawed monopolistic business practices, making them illegal in an effort to bolster competition within the marketplace. 6. The act contained three sections.
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