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History, 22.01.2020 01:31 breannamartinez9486

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excerpt:
"in the late nineteenth century, political leaders in the united states gradually became convinced that certain monopolies were stifling competition and interfering with the free market. they were especially concerned about a type of monopoly called a trust. a trust exists when several corporations in the same line of business work together to eliminate competition from the market and regulate prices. by the latter part of the nineteenth century, trusts had gained tight-fisted control over the markets for petroleum, steel, coal, beef, sugar, and other commodities."

how did the federal government respond to this concern during the late 1800s and early 1900s?
a. the federal government took property away from the corporations that had created monopolies and trusts.
b. the federal government passed laws banning monopolies and trusts to prevent the restraint of competition.
c. the federal government ratified an amendment that prevents large corporations from merging into monopolies and trusts.

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