WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
to promote corporate consolidation
|
|
|
to restrict foreign access to American markets
|
|
|
to protect competition between private businesses
|
|
|
to ref
|
Detailed explanation-1: -The Sherman Antitrust Act is a law the U.S. Congress passed to prohibit trusts, monopolies, and cartels. Its purpose was to promote economic fairness and competitiveness and to regulate interstate commerce.
Detailed explanation-2: -Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up.
Detailed explanation-3: -The purpose of antitrust law is to reduce competition. Any activity that substantially affects interstate commerce falls outside the scope of antitrust laws.
Detailed explanation-4: -The three major Federal antitrust laws are: The Sherman Antitrust Act. The Clayton Act. The Federal Trade Commission Act.
Detailed explanation-5: -An act to protect trade and commerce against unlawful restraints and monopolies.