Question

What was the goal of Congress when it passed the Sherman Antitrust Act to break up corporate trusts? A. to remove government regulation from businesses B. to return private competition to the marketplace C. to lower taxes on small and medium businesses D. to prevent politicians from investing in businesses E. to increase laissez-faire ideals in the marketplace

Answer 1

The correct answer is:

D) To prevent politicians from investing in businesses.

The Sherman Antitrust Act was a measure approved in July of 1890, cataloged as the first Federal act by the US Congress to outlawed monopolistic business practices. Named for Senator John Sherman of Ohio, chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes. Several states had passed similar laws, but they were limited to intrastate businesses.