Reforming Business

Flashcard maker : Lily Taylor
One reason that the government faced difficulty defending the Sherman Antitrust Act in court was because
the act did not clearly define the terms “trust” or “monopoly.”
What did the Sherman Antitrust Act make illegal in 1890?
trusts and monopolies
How did the railroads react to state governments’ legislation during the Gilded Age?
Railroad companies challenged the new laws in the courts
What was a goal of the Sherman Antitrust Act of 1890?
to limit the power of big corporations
Many opponents of the Sherman Antitrust Act supported laissez-faire policies. What was one of the key ideas of laissez-faire?
Government regulation made goods more costly
In the late 1800s, the first state government reform legislation regarding railroad practices addressed
rates for shipping and storing grain
Why did the Interstate Commerce Commission have difficulty enforcing reforms?
The courts often ruled against the commission
In 1887, Congress established a commission to regulate the railroads by passing
the Interstate Commerce Act
During the Gilded Age, reform laws regarding the government regulation of business were
somewhat effective
How did the case United States v. E.C. Knight weaken the Sherman Antitrust Act?
The Supreme Court ruled that the American Sugar Company was a legal monopoly since it existed only in one state
What did the Interstate Commerce Act ban in 1887?
railroad pools
A provision of the Interstate Commerce Act was that railroads had to make their rates public. This was important so that
railroads couldn’t unfairly charge different rates
Protests in the late 1800s by what group led to some state laws that attempted but ultimately failed to reform railroad practices?
farmers

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