Reforming Business — Quiz

Question 1

In 1887, Congress established a commission to regulate the railroads by passing

Revolt · Accepted Answer

the Interstate Commerce Act.

Question 2

How were the provisions of the Interstate Commerce Act and the Sherman Antitrust Act similar?

Revolt · Accepted Answer

They both banned pools or trusts.

Question 3

Protests in the late 1800s by what group led to some state laws that attempted but ultimately failed to reform railroad practices?

Revolt · Accepted Answer

farmers

Question 4

According to the key provisions of the Sherman Antitrust Act, trusts and monopolies were:

Revolt · Accepted Answer

illegal and could be broken up.

Question 5

A provision of the Interstate Commerce Act was that railroads had to make their rates public. This was important so that

Revolt · Accepted Answer

railroads couldn’t unfairly charge different rates.

Question 6

What was a consequence of violating the Sherman Antitrust Act?

Revolt · Accepted Answer

Corporations could be broken up.

Question 7

What was a goal of the Sherman Antitrust Act of 1890?

Revolt · Accepted Answer

to limit the power of big corporations

Question 8

What did the Interstate Commerce Act ban in 1887?

Revolt · Accepted Answer

railroad pools

Question 9

What did the Sherman Antitrust Act make illegal in 1890?

Revolt · Accepted Answer

trusts and monopolies

Question 10

Many opponents of the Sherman Antitrust Act supported laissez-faire policies. What was one of the key ideas of laissez-faire ?

Revolt · Accepted Answer

Government regulation made goods more costly.

Reforming Business — Quiz Answers