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They tried to reform it by passing laws that outlawed monopolies and trusts.

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12y ago

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What did the first substantial effort by congress to regulate the affairs of business result in?

The first substantial effort by Congress to regulate the affairs of business resulted in the passing of the Sherman Antitrust Act in 1890. This act aimed to prevent the formation of monopolies and restrain trade practices that were deemed anti-competitive. It marked the government's attempt to promote fair competition and prevent the concentration of economic power.


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