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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It limited corporations that were monopolistic practices
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It served as a landmark piece of legislation for future cases against monopolies
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It promoted monopolies in modern America
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It is viewed by historians as one of the most controversial pieces of progressive legislation in response to the Gilded age
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Detailed explanation-1: -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.
Detailed explanation-2: -The Sherman Antitrust Act refers to a landmark U.S. law that banned businesses from colluding or merging to form a monopoly. Passed in 1890, the law prevented these groups from dictating, controlling, and manipulating prices in a particular market.
Detailed explanation-3: -For various reasons over time, certain industries and organized groups have been exempted from the operation of US antitrust laws. These include organized labor, insurance companies, and baseball.