Think about what happened to Standard Oil.Write a paragraph in which you explain whether or not you agree with the actions taken by the government to interfere with the growth of Standard Oil as a monopoly.Use details from the lesson and reading.

Answer:

I agree with the actions taken by the government to break up Standard Oil. Because Standard Oil controlled nearly 90% of the oil market, it was a monopoly that eliminated competition through unfair business practices, such as seeking secret rebates from railroads and using predatory pricing to drive out smaller businesses. By intervening and enforcing the Sherman Antitrust Act, the government ensured that the oil industry remained competitive, which protected consumers from potential price gouging and encouraged innovation from multiple competing firms rather than a single, all-powerful trust.