Reforming Business

Question 1

What was a consequence of violating the Sherman Antitrust Act?

Revolt · Accepted Answer

Corporations could be broken up.

Question 2

Many opponents of the Sherman Antitrust Act supported laissez-faire policies. What was one of the key ideas of laissez-faire?

Revolt · Accepted Answer

Government regulation made goods more costly.

Question 3

In the late 1800s, the first state government reform legislation regarding railroad practices addressed

Revolt · Accepted Answer

rates for shipping and storing grain.

Question 4

One reason that the government faced difficulty defending the Sherman Antitrust Act in court was because

Revolt · Accepted Answer

the act did not clearly define the terms "trust" or "monopoly."

Question 5

Why did the Interstate Commerce Commission have difficulty enforcing reforms?

Revolt · Accepted Answer

The courts often ruled against the commission.

Question 6

How were the provisions of the Interstate Commerce Act and the Sherman Antitrust Act similar?

Revolt · Accepted Answer

They both banned pools or trusts.

Question 7

According to the key provisions of the Sherman Antitrust Act, trusts and monopolies were:

Revolt · Accepted Answer

illegal and could be broken up.

Question 8

A provision of the Interstate Commerce Act was that railroads had to make their rates public. This was important so that

Revolt · Accepted Answer

railroads couldn’t unfairly charge different rates.

Question 9

Protests in the late 1800s by what group led to some state laws that attempted but ultimately failed to reform railroad practices?

Revolt · Accepted Answer

farmers

Question 10

How did the railroads react to state governments’ legislation during the Gilded Age?

Revolt · Accepted Answer

Railroad companies challenged the new laws in the courts.

Reforming Business Answers