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Sherman - anti trust act

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Q: Which was the first legislative act that was created to end monopolies and regulate businesses?
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How did congress try to limit the power of monopolies?

One way that Theodore Roosevelt tried to limit the power of business was by suing the businesses that were trying to create monopolies. He helped to break up many businesses that had created monopolies.

Why were monopolies created?

its not why were they created but they were when a business got to big and the government had to let the little businesses have a chance, so they put a limit on the big businesses.

What gives the government the power to regulate mergers between firms?

In contrast to competitive markets monopolies fail to allocate the resources efficiently. Policy makers in the government thus can respond to the problem on monopoly in many ways.Like for the regulation of mergers the government gets the power from antitrust laws. The antitrust laws are a collection of statutes aimed at curbing monopoly power.American antitrust laws are state and federal laws created to prevent monopolies. Antitrust laws apply to both businesses and individuals. The philosophy behind the laws is that trusts and monopolies can stagnate markets and prevent others from engaging in healthy market competition.

What was created in the US government's first attempt to exercise increased control and oversight over American businesses and industries in the late 1800s?

One of the ways in which the federal government tried to regulate business in the late 1800's was by the Interstate Commerce Act. The Interstate Commerce act stopped the railroads from price gouging. The second way is the by the Sherman Act. The Sherman Act prevented price fixing and monopolies.

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