Question

In which phase of u.s. government regulation were major laws such as the sherman antitrust act, the clayton act, and the federal trade commission act passed to maintain a competitive environment?
a. the industry deregulation phase
b. the antimonopoly period
c. the consumer protection phase
d. the phase aimed at protecting competitors?

Answer 1

The correct answer is B.

All of the aforementioned pieces of legislation deal with regulation or breaking up trusts/monopolies.

For example, the Clayton Act (passed in 1914) helped to regulate businesses from using anti-competition techniques that would hurt their competitors.

The Sherman Anti-Trust Act (1890) allowed the federal government to investigate trusts/monopolies. Companies investigated by the federal government who were found guilty of breaking this law faced federal charges.

These laws all helped to ensure competition in American society.