WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to allow corporations to form monopolies
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to limit the power of corporations
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to provide fair wages to employees
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to establish sweatshops
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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: -Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Anti-trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts.
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.
Detailed explanation-4: -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.