What Did the Pendleton Act Do

question 26

Multiple Choice

What did the Pendleton Act do?

• A) It established a civil-service commission.
• B) It required the use of silver as well as gold to back paper currency.
• C) It started the policy of having separate but equal facilities for blacks and whites.
• D) It raised tariff rates.
• E) It gave Congress the power to investigate and oversee railroad activities.

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Definitions:

Appraisal Rights

The right of shareholders to have their shares appraised and to receive monetary compensation in lieu of accepting the terms of certain corporate actions, like mergers.

Shareholder Meeting

is a gathering of a company's shareholders, held to discuss the company's performance, elect the board of directors, and make other decisions affecting the company.

Adequate Compensation

Fair and reasonable payment or reimbursement for services, losses, or expenses incurred.

Legal Requirements

Obligatory laws or regulations that individuals or entities must adhere to.