Reforming Business

Question 1

Which group was most harmed by railroad pools and monopolies?

Revolt · Accepted Answer

A: small farmers shipping crops to local markets

Question 2

After the Supreme Court ruling in 1886, state governments

Revolt · Accepted Answer

C: saw their power to regulate railroads greatly reduced

Question 3

What was the Interstate Commerce Act authorized to regulate?

Revolt · Accepted Answer

A: the rates charged to passengers for their tickets; B: the fees charged to farmers for storing grain; C: the rates charged to companies for shipping goods

Question 4

Based on what you have learned, which description best represents a trust?

Revolt · Accepted Answer

B: a large corporation that has swallowed up competitors to destroy competition and gain a monopoly over an industry

Question 5

Why was it difficult for the government to enforce antitrust legislation? Check all that apply.

Revolt · Accepted Answer

A: The Sherman Antitrust Act did not define the terms monopoly and trust.; B: Antitrust cases were expensive and took a long time to prosecute.; C: Federal judges often sided with businesses against federal regulators.

Question 6

Select every statement that you agree with.

Revolt · Accepted Answer

A: Railroads and big businesses benefited the US economy.; B: A company should have the right to form a monopoly.; C: Companies have the right to charge small customers higher rates than large customers.; D: Government has the right to put limits on what businesses can and cannot do, even if those limits lower business profits

Question 7

Which group benefited the most from railroad pools and monopolies?

Revolt · Accepted Answer

B: large companies shipping goods in large quantities or over long distances

Question 8

Which of these ideas did your answer contain?

Revolt · Accepted Answer

A: The act outlawed trusts that restricted interstate or foreign trade.; B: The act banned monopolies on interstate and foreign trade.; C: The act provided penalties for companies caught violating the new regulations.

Reforming Business Answers

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