Drag and drop each description to the policy it matches.
banned business practices
that supported monopolies
regulated railroads
supported lack of
government intervention in
business affairs
laissez-faire
Interstate Commerce Act
Sherman Anti-Trust Act
laissez-faire and supported lack of government intervention in business affairs
regulated railroads - Interstate Commerce Act
banned business practices that supported monopolies - Sherman Anti-Trust Act
To match each description with the corresponding policy, we need to understand the significance of each policy and its relationship to the given descriptions. Here is how to correctly match them:
1. Banned business practices that supported monopolies: Sherman Anti-Trust Act
Explanation: The Sherman Anti-Trust Act was enacted in 1890 and aimed to prevent businesses from engaging in anti-competitive practices that supported monopolies, such as price fixing or monopolistic mergers.
2. Regulated railroads: Interstate Commerce Act
Explanation: The Interstate Commerce Act, passed in 1887, established the first federal regulatory agency, the Interstate Commerce Commission (ICC). Its main purpose was to regulate railroads and ensure fair rates and practices, protecting consumers and businesses from unfair transportation costs.
3. Supported lack of government intervention in business affairs: Laissez-faire
Explanation: Laissez-faire is a French term that means "let it be." In the context of economics, it refers to the belief in limited government intervention in business affairs. It advocates for minimal regulations and market freedom.
Now we can match the descriptions to the policies:
- Banned business practices that supported monopolies: Sherman Anti-Trust Act
- Regulated railroads: Interstate Commerce Act
- Supported lack of government intervention in business affairs: Laissez-faire
Banned business practices: Sherman Anti-Trust Act
That supported monopolies: Laissez-faire
Regulated railroads: Interstate Commerce Act
Supported lack of government intervention in business affairs: Laissez-faire