The Sherman Antitrust Act Makes It Unlawful for Firms to Collude

question 121

True/False

The Sherman Antitrust Act makes it unlawful for firms to collude to restrain trade.

---

Definitions:

Lecompton Constitution

A proposed Kansas State Constitution, drafted in 1857, which would have allowed slavery in the state. It was contested and eventually rejected due to widespread opposition to its pro-slavery stance.

Republican Party

One of the two major contemporary political parties in the United States, commonly associated with conservative ideologies, favoring smaller government, lower taxes, and a strong national defense.

Economic Development

The process of improving economic well-being and quality of life through growth and advancement, often measured by GDP growth, employment rates, and infrastructure improvements.

Slavery

A system in which individuals are owned by others as property, deprived of personal freedom, and compelled to perform labor or services.