Why Are Laws Aimed at Regulating Monopolies Called "Antitrust" Laws

question 34

Multiple Choice

Why are laws aimed at regulating monopolies called "antitrust" laws?

• A) The rise of large firms (e.g., Standard Oil) in the late 1800s in the United States caused consumers to lose trust in private business.
• B) "Trust" was a word in Old English that meant monopoly in the Middle Ages. Therefore, "antitrust" is a term that means "against monopoly."
• C) In the late 1800s, firms in several industries formed trusts; the firms were independent but gave voting control to a board of trustees. Antitrust laws were passed to regulate these trusts.
• D) In the late 1800s, firms in several industries formed trusts; they were called "trusts" because when corporate officials were questioned about their business they would clam that business was good for the country and that they should trusted.

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Definitions:

Pro-slavery

Supporting or advocating for the continuation or establishment of slavery, typically referring to historical positions prior to and during the American Civil War.

Anti-slavery

The movement opposed to the act of slavery, advocating for the abolition of the practice and the emancipation of those enslaved.

Political Influence

The power to shape or control political actions, policies, or opinions.

Unmarried Women

Women who are not legally married and may refer to individuals who have never been married, are divorced, or are widowed.