Question

Regulating big business was first attempted by the federal government via the _______ Act

Answer 1

Regulation actually started in the 1840's when states began allowing anyone to form a corporation. Prior to that, corporations (like the Hudson Bay Company) were all quasi-governmental monopolies.

Answer 2

They probably want the Sherman Anti-trust Act of 1890, but regulation actually started in the 1840s when states began allowing anyone to form a corporation. Prior to that, corporations (like the Hudson Bay Company) were all quasi-governmental monopolies.