The _________ Act was passed to prevent the development of trusts and monopolies in restraint of trade.

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act of 1890 was passed to prevent the formation of monopolies and trusts in order to promote competition and protect consumers. It prohibits activities such as price-fixing, bid-rigging, and market allocation that can lead to monopolistic practices. The Sarbanes-Oxley Act of 2002 is focused on financial reporting and corporate governance, while the Securities Exchange Act of 1934 regulates securities transactions and exchanges. The Clayton Antitrust Act of 1914 extends and refines the principles of the Sherman Act and prohibits other anti-competitive practices such as mergers and acquisitions that may substantially reduce competition.

The _________ Act Was Passed to Prevent the Development of Trusts