WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
to increase corruption, trusts and monopolies
|
|
|
to stop corruption, trusts and monopolies
|
|
|
to encourage less business
|
|
|
to encourage people to leave America
|
Detailed explanation-1: -What led to government regulation of businesses during the Gilded Age? The regulation of businesses during the guided age was led by the limited role that government played in business, laissez faire. What caused the rapid expansion of urban areas in the late 1800s?
Detailed explanation-2: -It was during the Gilded Age that Congress passed the Sherman Anti-Trust Act to break up monopolistic business combinations, and the Interstate Commerce Act, to regulate railroad rates. State governments created commissions to regulate utilities and laws regulating work conditions.
Detailed explanation-3: -The Supreme Court majority found that all monopolies tended to restrain trade and “to deprive the public of the advantages that flow from free competition.” The court ordered the breakup of the Northern Securities Company into independent competitive railroads.
Detailed explanation-4: -Corporations during the Gilded Age become stronger by teaming up with other corporations to create monopolies, which often controlled the industry. A monopoly controls the supply of a good or service.