As a result of Standard Oil Trust's control of the oil industry, which of the following statutes was enacted?
A)Sherman Act
B)Robinson-Patman Act
C)Clayton Act
D)Chicago School Act

Question

Quizplus · Accepted Answer

The Sherman Act, officially known as the Sherman Antitrust Act, was enacted in 1890 as a direct response to the monopolistic practices and consolidation of power by large corporations like the Standard Oil Trust. It aimed to preserve competitive markets by prohibiting monopolies, cartels, and other forms of anticompetitive practices.

As a Result of Standard Oil Trust's Control of the Oil