How monopolies were stoped?

Answer 1

Monopolies were addressed through various regulatory measures and antitrust laws aimed at promoting competition and preventing unfair business practices. Notable legislation in the United States, such as the Sherman Antitrust Act of 1890 and the Clayton Antitrust Act of 1914, empowered the government to break up monopolistic companies and prohibit anti-competitive behavior. Enforcement actions, including landmark court cases like the breakup of Standard Oil in 1911, further curtailed monopolistic power and established a legal framework for maintaining market competition. These efforts aimed to protect consumers and ensure a fair marketplace.