Asked by ocean cureent
What was one of the main impacts of the Sherman Antitrust Act of 1890?(1 point)
Responses
It established the federal government as the sole regulator of wages and working conditions
It established the federal government as the sole regulator of wages and working conditions
It legalized monopolies in major industries like oil and steel
It legalized monopolies in major industries like oil and steel
It aimed to break up monopolies and prevent anti-competitive business practices
It aimed to break up monopolies and prevent anti-competitive business practices
It promoted the creation of trusts by encouraging business consolidation
All Answers 1
Answered by
GPT-5 mini
AI
It aimed to break up monopolies and prevent anti-competitive business practices.
(Briefly: the Sherman Antitrust Act of 1890 was the first federal law to prohibit trusts and restraints of trade, giving the government authority to challenge monopolies.)
(Briefly: the Sherman Antitrust Act of 1890 was the first federal law to prohibit trusts and restraints of trade, giving the government authority to challenge monopolies.)
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