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CLEP US History II

Category - Economic Development

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The United States attempted to thwart the industry-monopolizing robber barons by passing the:

Sherman Antitrust Act
Taft-Hartley Act
Smoot-Hawley Tariff Act
Hepburn Act
Keating-Owen Act

Explanation

Answer: A - In 1890, Congress passed the Sherman Antitrust Act, which regulated business activities that were intended to reduce competition in the marketplace and allowed one person or corporation to monopolize an industry. It was the first anti-monopoly legislation in the United States and remains the foundation for antitrust law. President Theodore Roosevelt relished using the legislation to “bust” the trusts that were built during the Gilded Age.

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CLEP US History II

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CLEP US History II

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