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What Act was an attempt to restrict a monopoly of the US oil industry?
Wiki User
∙ 12y ago
Interstate commerce act
Wiki User
∙ 12y ago
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Which of the following was an attempt to restrict a monopoly of the oil industry in the US?
Sherman Antitrust Act
The Marshall Plan was an anti-monopoly act that awarded the victim of a monopoly three times the amount that his business lost?
false, no
What three acts were designed to restrict the manufacturing of products in the colonies?
Iron, Navigation, and Molasses Act
How did robber barons create monopolies in the US in the late 1800?
The robber barons utilized and manipulated the idea of trusts and decimated even the smallest competition, making their industry into a monopoly. This eventually led to the Sherman-Antitrust Act.
How did Sherman Antitrust Act harm businesses such as standard oil and tycoons like John D Rockefeller?
Section 2 of the Act forbade monopoly. In Section 2 cases, the court has, again on its own initiative, drawn a distinction between coercive and innocent monopoly. The act is not meant to punish businesses that come to dominate their market passively.
Which of the following was an attempt to restrict a monopoly of the oil industry in the US?
Sherman Antitrust Act
What was the relationship between competition and monopoly in American industry during the post-civil war era?
Competition was snuffed out because of monopolies. Since people were in bad shape after the war, large companies (most likely subsidized by the government) monopolized areas. An example of this monopoly would be the railroad industry. Trains were first made to be the only source of transport. If you think about cars, the oil industry also set up a monopoly so the single source of fuel would be gasoline. Competition relates to monopoly because the act of monopolizing gets rid of competition.
What government act was put in place to regulate railroad activity between states?
The Interstate Commerce Act of 1887 is a federal law regulating the railroad industry. It was meant to eliminate the monopoly that railroad companies had on transportation of people and goods.
Did the reorganization act of 1939 restrict the powers of the president?
no
Was met by british attempts such as the molasses act to restrict colonial trade?
Sugar Act
How did the stamp act restrict colonist freedom?
The stamp act charged the colonist in paper goods
What was the parliamentary attempt to restrict westward following the seven years war called?
Proclamation Act of 1763. It wasn't during the 7 years war, I believe, but after. The logic was to not have territory disputes with Native Americans and french traders.
Who proposed toleration act of 1649 and why?
Lord Baltimore proposed the act to restrict the religious rights of Christians
The Marshall Plan was an anti-monopoly act that awarded the victim of a monopoly three times the amount that his business lost?
false, no
Which act protected labor union activity from being considered a monopoly?
Clayton Antitrust Act
What was passed in 1882 to restrict Chinese immigration?
The Chinese Exclusion Act
The main purpose of the war powers act was to?
To restrict the power of the president
