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Many things were being invented in the 1800's. Because of this, the inventors were the only ones that sold these items. This created a monopoly because they could charge what they wanted and people had to pay it if they wanted it.

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11y ago

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What did roosevelt do about monopolies and trusts?

he cancelled them.


Which was a progressive goal pursued by President William Howard Taft?

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Why was the Sherman Anti-Trust passed?

In the United States, in the late 1800's, there were many monopolies. A monopoly is a business in an industry that other companies can't compete with. The problem with that is that the monopoly can charge whatever price they want for what they make, and when there is no competition there is no need to improve. Competition is what improves the world, just think about it. At that time there was also Trusts. Trusts are a group of monopolies lead by one board of directors. This is terrible for many businesses. The Sherman Antitrust Act banned trusts and monopolies. It was a very important Act.


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trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming


Which business organizations were designed to avoid regulations and act as monopolies?

Trusts and cartels were designed to avoid regulations and act as monopolies.


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coruption


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trust-busting


What was the goal of the anti-trust act?

to prevent monopolies by big corporations or trusts


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I don't think it was really malicious. The government just didn't see trusts and monopolies as a problem, even though they were reducing the amount of business activity in the United States.


Why did government at first hesitate to break up trusts and monopolies?

I don't think it was really malicious. The government just didn't see trusts and monopolies as a problem, even though they were reducing the amount of business activity in the United States.


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