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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Grant Anti-Trust Law
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Sherman Anti-Trust Law
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Lee Anti-Trust Law
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Lincoln Anti-Trust Law
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Detailed explanation-1: -The Clayton Antitrust Act was enacted in 1914 to strengthen the Sherman Antitrust Act. It outlaws certain practices not prohibited by the Sherman Act and helps the government stop a monopoly before it develops.
Detailed explanation-2: -Following the breakup of sugar, tobacco, oil, and meatpacking monopolies, big business didn’t know where to turn. There were no clear guidelines about what constituted monopolistic business practices.
Detailed explanation-3: -Antitrust. By virtue of the Sherman Antitrust Act of 1890, the US government can take legal action to break up a monopoly. In 1902, President Theodore Roosevelt used the Sherman Antitrust Act as a basis for trying to break up the monopolization of railway service in the United States.
Detailed explanation-4: -The Sherman Anti-trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. It was named for Senator John Sherman of Ohio, who was a chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes.