Which of the following statements is TRUE?

Question

Quizplus · Accepted Answer

There was a massive wave of corporate mergers in the U.S. at the turn of the century, commonly referred to as the "merger movement" or "trust-busting era." This occurred around the late 1800s to early 1900s, as monopolies and trusts were seen as a threat to competition and consumer welfare. The government took steps to regulate and break up large corporations during this time period. Option A is incorrect as large U.S. corporations existed before 1930, and option B is incorrect as the U.S. primarily developed its industries through protectionism rather than free trade. Option D is also incorrect as the government actively regulated large corporations during this period. Option E is partially true, as there was some government regulation of the economy prior to the 20th century, but it was greatly expanded during the progressive era.

Which of the Following Statements Is TRUE