What economic philosophy was prevalent during the Industrial Age, leading to the rise of monopolies?
The Sherman Anti-Trust Act Explained: US History Review

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History, Social Studies, Business
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6th - 12th Grade
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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