Which of the following statements accurately describes the Sherman Anti-Trust Act?
A) Congress passed it due to pressure from many European nations that had already outlawed monopolistic business practices.
B) Democrats had control of Congress and managed to defeat its passage right at the last moment, thereby ensuring the continuation of monopolies.
C) It was the most well-enforced act of legislation in many decades and became the ideal model for government regulation in business.
D) It centered on tariff policy and convinced Republicans to lower tariff rates dramatically, thereby allowing for more European competitors.
E) Although largely for show, it banned the practice of powerful corporations plotting to establish monopolies or hold back trade in their industries.
Correct Answer:
Verified
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