5
QuizMultiple Choice

The Economy of the US — Unit test

Question 5 • EA Academy Civics 9

What steps did the US government take toward Standard Oil in the early 1900s?

Answer
A
It encouraged Standard Oil to purchase other oil-refining companies.
B
It supported Standard Oil’s efforts to increase oil-refining capacity.
C
It used the Federal Trade Commission to investigate Standard Oil.
D
It used the Sherman Act to split Standard Oil into smaller companies.

Explanation

The government sued Standard Oil under the Sherman Antitrust Act, arguing that it had used monopolistic practices to restrain trade. In 1911, the Supreme Court ordered the company to be broken up into smaller, independent companies. The Federal Trade Commission did not investigate Standard Oil; the FTC was created in 1914, after the breakup.

AI-written and checked against the verified answer.

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