We appreciate your visit to Which government act best completes this diagram about industry in the late nineteenth century Options A Federal Farm Loan Act B Pure Food and Drug. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The Sherman Antitrust Act of 1890 is the government act that best represents the response to the industrial development in the late nineteenth century. It was passed to reduce anti-competitive practices and ensure fair market practices. It was prominently used to break up the Standard Oil monopoly in 1911.
Explanation:
The government act that best completes the diagram of industry in the late nineteenth century would be the Sherman Antitrust Act. This Act was passed by Congress in 1890 in response to the emergence of large-scale industry, or 'trusts', which often consolidated market power to the detriment of competition. It was designed to curtail widespread anti-competitive practices, thereby promoting fairness in market practices and ensuring that no single entity could monopolize or attempt to monopolize.
One of the most prominent examples of the Act's effectiveness was its use in 1911 to break up the Standard Oil monopoly, which controlled about 90% of the country's oil refining. The company was broken down into 34 independent firms, which included today's Exxon, Mobil, Amoco, and Chevron. This showed the government's commitment to enforce antitrust laws and maintain open competition in the industries.
Learn more about Sherman Antitrust Act here:
https://brainly.com/question/838791
#SPJ11
Thanks for taking the time to read Which government act best completes this diagram about industry in the late nineteenth century Options A Federal Farm Loan Act B Pure Food and Drug. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
