Business And FinanceReforming business example #38309
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Reforming business example #38309

Bianca Torres avatar Bianca Torres
28 August 2023
4.4 (110 reviews)
10 test answers

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question
Practices in the late 1800s by what group led to some state laws but ultimately failed to reform railroad practices?
answer
Farmers.
question
Many opponents of the Sherman Antitrust Act supported laissez-faire policies. What was one of the key ideas of laissez-faire?
answer
Government regulation made goods more costly.
question
Why did the Interstate Commerce Commission have difficulty enforcing reforms?
answer
The court often ruled against the commission.
question
According to the key provisions of the Sherman Antitrust Act, trusts and monopolies were:
answer
Illegal and could be broken up.
question
In 1887, Congress established a commission to regulate the railroads by passing
answer
The interstate Commerce Act.
question
One reason that the government faced difficulty defending the Sherman Antitrust Act in court was because
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The act did not define the terms "trust" or "monopoly."
question
What did the Sherman Antitrust Act make illegal in 1890?
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Trusts and monopolies.
question
How did the railroads react to state governments' legislation during the Gilded Age?
answer
Railroad companies challenged the new laws in the courts.
question
What did the Interstate Commerce Act ban in 1887?
answer
Railroad pools.
question
What was the consequence of violating the Sherman Antitrust Act?
answer
Cooperations could be broken up.