Reforming Business

Question 1

Which group was most harmed by railroad pools and monopolies?

Revolt · Accepted Answer

small farmers shipping crops to local markets

Question 2

Which group benefited the most from railroad pools and monopolies?

Revolt · Accepted Answer

large companies shipping goods in large quantities or over long distances

Question 3

After the Supreme Court ruling in 1886, state governments

Revolt · Accepted Answer

saw their power to regulate railroads greatly reduced

Question 4

What was the Interstate Commerce Act authorized to regulate?

Revolt · Accepted Answer

the rates charged to passengers for their tickets; the fees charged to farmers for storing grain; the rates charged to companies for shipping goods

Question 5

Based on what you have learned, which description best represents a trust?

Revolt · Accepted Answer

a large corporation that has swallowed up competitors to destroy competition and gain a monopoly over an industry

Question 6

Based on this quotation, which point of view does Carnegie support?

Revolt · Accepted Answer

Trusts benefit the economy and society and should be encouraged.

Question 7

Explain one key way in which the Sherman Antitrust Act limited the power of big corporations.

Revolt · Accepted Answer

It made monopolies and agreements that restrained trade illegal, allowing the government to challenge or break up companies that unfairly controlled a market.

Question 8

Which of these ideas did your answer contain?

Revolt · Accepted Answer

The act outlawed trusts that restricted interstate or foreign trade.; The act banned monopolies on interstate and foreign trade.; The act provided penalties for companies caught violating the new regulations.

Question 9

Why was it difficult for the government to enforce antitrust legislation? Check all that apply.

Revolt · Accepted Answer

The Sherman Antitrust Act did not define the terms monopoly and trust.; Antitrust cases were expensive and took a long time to prosecute.; Federal judges often sided with businesses against federal regulators.

Question 10

Select every statement that you agree with.

Revolt · Accepted Answer

Railroads and big businesses benefited the US economy.; A company should have the right to form a monopoly.; Companies have the right to charge small customers higher rates than large customers.; Government has the right to put limits on what businesses can and cannot do, even if those limits lower business profits

Reforming Business Answers

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