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The Sherman Antitrust Act of 1890 was passed to combat the growing power of monopolies and corporations that stifled competition and harmed consumers. The government aimed to promote fair competition and prevent anti-competitive practices that could lead to price fixing and reduced innovation. By establishing a legal framework to challenge monopolistic behavior, the Act sought to protect both the economy and the interests of the public. Overall, it marked a significant shift towards increased regulation of business practices in the United States.

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Which law did Congress pass in 1890 to prohibit monopolies and trusts the Dawes Act the Sherman Antitrust Act the Mann-Elkins Act the Pendleton Act?

The Sherman Antitrust Act was passed by Congress in 1890 to prohibit monopolies and trusts, and to promote fair competition in business.


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.


Why did congress pass the Sherman antitrust act in 1890 How did the act attempt to regulate industry?

Congress passed the Sherman Antitrust Act in 1890 to address growing concerns over monopolies and anti-competitive practices that stifled competition and harmed consumers. The act aimed to promote fair competition by making it illegal to restrain trade or commerce through monopolistic tactics. It empowered the federal government to investigate and prosecute companies that engaged in anti-competitive behavior, thereby attempting to regulate industry and protect the economic interests of the public.


What law did congress pass in 1890 to prohibit monopolies and trusts?

In 1890, Congress passed the Sherman Antitrust Act, which aimed to prohibit monopolies and trusts that restrained trade and commerce. The law was designed to promote competition and prevent anti-competitive practices that could harm consumers. It allowed the federal government to take legal action against companies engaging in unfair business practices and laid the groundwork for future antitrust legislation.


What law did congress pass ensure reasonable and just railroad rates?

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How did the US Congress respond to concern regarding the power of trusts?

Public pressure for a federal law to prohibit trusts and monopolies led congress to pass the sherman antitrust act in 1890.


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Sherman Anti-Trust ActOriginally designed to reinforce the American ideals of "free trade," the Sherman Anti-Trust Act sought to bust up monopolies like those formed by John D. Rockefeller. Unfortunately, its vague language, including the phrase "restraint of trade," left it open to interpretation, usually benefiting corporations instead of the working classes as originally intended.


In the late 1800s the US government became increasingly concerned about the lack of competition in certain industries as large corporations and trusts were formed In 1890 Congress pass?

to prevent monopolies by big corporations or trusts :) yay for study island!


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