WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What was the goal of the Interstate Commerce Act (1887) and the Sherman Antitrust Act (1890)?
|
|
To regulate some aspects of business
|
|
|
To expand the positive features of the trusts
|
|
|
To favor big business over small companie
|
|
|
To move toward government ownership of key industries
|
Explanation:
Detailed explanation-1: -Its purpose was to promote economic fairness and competitiveness and to regulate interstate commerce.
Detailed explanation-2: -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.
Detailed explanation-3: –The major purpose of the Sherman Antitrust Act was to prohibit monopolies and sustain competition so as to protect companies from each other and to protect consumers from unfair business practices.
There is 1 question to complete.