Question

Choose the proper word(s) to complete each of the following statements about the Sherman Antitrust Act.

Answer 1

Answer:

1) The act was designed to limit the power of monopolies and trusts.

2) The act did not lead to many successful government prosecutions.

3) The fact that the act did not define the terms “monopoly” and “trust” limit the act.

4) Support from the federal courts would have made the act more effective.

Explanation:

The Sherman Antitrust Act was approved on July 2, 1890, and became the first measurement by the US government to prohibit trusts.

Trusts were made by several companies but to a small number of trustees. This led to the destruction of the competition, as trusts began to dominate all of the major industries. The impact of these monopolies was what eventually made this Act come to life, with overwhelming support from both the Senate and the House.

However, the Act was rarely used against industrial monopolies, as it didn't define the terms properly and led to narrow judicial interpretations of what truly means to trade for the different states.

Answer 2

Answer:

The act was designed to limit the power of monopolies and trusts.

The act did not lead to many successful government prosecutions.

The fact that the act did not define the terms “monopoly” and “trust” limit the act.

Support from the federal courts would have made the act more effective.

Explanation: