In the late 19th century United States, there were several giant businesses known as 'trusts.' They controlled whole sections of the economy, like railroads, oil, and steel. Two of the most famous trusts were U.S. Steel and Standard Oil. These trusts were so powerful that they dominated their entire industries and threatened competition in the market place. To protect competition, the United States Congress enacted the Sherman Anti-Trust Law in 1890 and these trusts were broken up. The goal of these laws was to promote competition in the marketplace for the benefit of consumers.

Question

In the late 19th century United States, there were several giant businesses known as 'trusts.' They controlled whole sections of the economy, like railroads, oil, and steel. Two of the most famous trusts were U.S. Steel and Standard Oil. These trusts were so powerful that they dominated their entire industries and threatened competition in the market place. To protect competition, the United States Congress enacted the Sherman Anti-Trust Law in 1890 and these trusts were broken up. The goal of these laws was to promote competition in the marketplace for the benefit of consumers.

Which of the options below match the ideas in this passage the best?

The role of the government in regulating the economy
A command economy
The effect of supply and demand have on the price of goods and services
The benefits of capitalism

Answer 1