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kvasek [131]
3 years ago
13

What was one of the most important impacts of the Second Industrial Revolution?

Social Studies
1 answer:
Fiesta28 [93]3 years ago
7 0

the development of infrastructure such as canals, railroads, telegraph, telephones, and electric utilities which resulted in the expansion of other industries such as mining and for industrial expansion to places outside the biggest cities.

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Indeed, the Supreme Court ruled that the practices of Standard Oil were monopolistic and although they had been considered legal under common law, their methods and consequences were the prices for the consumer increased, the production of oil decreased and the quality of oil also decrease which not only constituted a restraint of trade but also damaged consumers.

Question 2: how do government regulations like the Sherman antitrust act benefit Americans?

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By becoming a monopoly, there is just one company and no competition, and consumers do not have a choice to buy their goods elsewhere as there is only one company that sells them at whatever price it chooses to and with whatever quality it decides. This lack of choice enables monopolistic companies to produce substandard, expensive goods that consumer have no choice but to buy since there are no competing manufacturers. The Sherman Act was passed exactly to avoid such cases.



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