Understanding the Sherman Antitrust Act

What economic approach did the government initially take towards big business?

• Subsidization

• Protectionist

• Laissez-faire

• Interventionist

What was a major effect of monopolies on the market according to the video?

• Suppression of competition

• Lower prices for consumers

• Increased innovation

• Expansion of the global market

What year was the Sherman Antitrust Act passed?

• 1870

• 1880

• 1890

• 1900

What was the main goal of the Sherman Antitrust Act?

• To prevent the formation of monopolies and trusts

• To eliminate all forms of business

• To promote free trade agreements

• To support the growth of small businesses

Who was president when the Sherman Antitrust Act was signed into law?

• Abraham Lincoln

• Benjamin Harrison

• William McKinley

• Theodore Roosevelt

For what unexpected purpose was the Sherman Antitrust Act initially used?

• Targeting labor unions

• Regulating interstate commerce

• Controlling inflation

• Breaking up railroad monopolies

How did the government view unions in relation to the Sherman Antitrust Act?

• As supporters of monopolies

• As illegal combinations

• As beneficial to the economy

• As irrelevant to the act

Who was the first president to use the Sherman Antitrust Act against monopolies?

• Woodrow Wilson

• Theodore Roosevelt

• Benjamin Harrison

• William McKinley

What change did Theodore Roosevelt bring to the application of the Sherman Antitrust Act?

• He repealed the act

• He applied it to break up monopolies

• He used it to support monopolies

• He ignored it completely

What was a significant outcome of the Sherman Antitrust Act under Teddy Roosevelt?

• The decline of the US economy

• The breakup of major trusts

• The creation of new monopolies

• Increased government subsidies