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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Interstate Commerce Act
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Sherman Antitrust Act
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Clayton Antitrust Act
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Keller-Cefauver Act
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Detailed explanation-1: -The Sherman Act outlaws “every contract, combination, or conspiracy in restraint of trade, ” and any “monopolization, attempted monopolization, or conspiracy or combination to monopolize."
Detailed explanation-2: -The Sherman Anti-trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts.
Detailed explanation-3: -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-4: -Key Takeaways. The Sherman Antitrust Act is a law the U.S. Congress passed to prohibit trusts, monopolies, and cartels.
Detailed explanation-5: -Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace. It outlaws any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade.