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How did the US Congress respond to concern regarding the power of trusts?
Wiki User
∙ 8y ago
Public pressure for a federal law to prohibit trusts and monopolies led congress to pass the sherman antitrust act in 1890.
Wiki User
∙ 13y ago
Wiki User
∙ 8y agoThe government broke them up trusts, and monopolies in response to pressure from the public under Teddy Roosevelt in a series of laws.
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How did the government respond to public pressure to prohibit trust and monopolies?
Public pressure for a federal law to prohibit trusts and monopolies led congress to pass the sherman antitrust act in 1890.
What concerns did critics of big businesses have regarding trusts?
The concerns critics have on big business regarding trusts is that to earn more money trusts often tried to get rid of competition and to control production. The wealth and size of trusts such as standard oil made many Americans fear the influence of business leaders over government.
How did business leaders like Minor Cooper Keith respond to the charges of building illegal trusts?
They argued that trusts were legal outside the United States.
where do I look to find out more about revocable trusts?
You can find more information about revocable trusts online through sites like www.legalzoom.com. You should, though, consult a trusts and estates attorney for the most up to date rules and regulations regarding trusts.
Which legislation was a response to the publics growing concern over trusts and monopolies?
Sherman Antitrust Act
What concern did some people have about trusts and the political process?
Wealthy entrepreneurs were buying elections and corrupting public officials.
When people began to protest the trusts of industry magnates congress passed the?
Sherman antitrust act
Where can I get information online regarding A-B trusts?
You can get information about AB trusts online at a number of websites. I recommend that you go to http://www.nolo.com/legal-encyclopedia/article-29621.html, http://www.finweb.com/retirement/ab-trusts.html, http://www.legalzoom.com/living-trusts-guide/a-b-living-trusts.html and http://estate.findlaw.com/estate-planning/trusts/trusts-ab-trusts.html.
When people began to protest the powerful trusts of industry magnates congress passed the .?
Sherman Antitrust Act
Which federal law was passed by congress to control trusts and monopolies?
Sherman Antitrust Act Clayton Antitrust Act of 1914
Why was the Sherman Antitrust Act passed?
The Sherman Anti-Trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts or business activities that federal government regulators deem to be anticompetitive. It also requires the federal government to investigate and pursue trusts (monopolies).
What action did congress take to control trusts and monopolies in response to pressure from the American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
