The Sherman Anti-Trust Act Explained: US History Review

The Sherman Anti-Trust Act Explained: US History Review

Assessment

Interactive Video

History, Social Studies, Business

6th - 12th Grade

Hard

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Quizizz Content

FREE Resource

The video discusses the Sherman Anti-Trust Act, a significant U.S. legislation aimed at curbing monopolies and promoting competition. It provides historical context, explaining the laissez-faire economics of the 19th century and the rise of monopolies. The Act, passed in 1890, initially targeted unions rather than big businesses. Under President Teddy Roosevelt, it was used to break up monopolies, marking a shift towards government regulation. The video concludes with a discussion on the ongoing debate about the role of government in regulating business for the public good.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic philosophy was prevalent during the Industrial Age, leading to the rise of monopolies?

Keynesian Economics

Laissez-faire Economics

Marxist Economics

Supply-side Economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary goal of the Sherman Anti-Trust Act when it was enacted in 1890?

To increase government subsidies to businesses

To prevent monopolies and promote competition

To regulate labor unions

To promote international trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How was the Sherman Anti-Trust Act initially misused after its enactment?

It was used to increase tariffs

It was used against labor unions instead of monopolies

It was used to break up small businesses

It was used to promote foreign trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which president is known for effectively using the Sherman Anti-Trust Act to break up monopolies?

Benjamin Harrison

Woodrow Wilson

Teddy Roosevelt

William McKinley

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the significance of the Supreme Court's decision in 1904 regarding the Sherman Anti-Trust Act?

It declared the Act unconstitutional

It expanded the Act to include international trade

It allowed the Act to be used to break up monopolies

It limited the Act's application to only railroads

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one argument against the Sherman Anti-Trust Act mentioned in the video?

It reduces consumer choice

It stifles innovation by breaking up successful companies

It promotes unfair competition

It increases government spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the Sherman Anti-Trust Act considered a significant piece of legislation?

It was the first law to promote laissez-faire economics

It marked the beginning of federal regulation of business for public good

It was the first law to regulate international trade

It was the first law to support labor unions