drag and drop each escrition to the policy it matches
laissez-faire
interstate commerce act
sherman anti-trust act
laissez-faire - This policy matches with the concept of limited government intervention in the economy. It advocates for a hands-off approach where the government does not interfere in the free market.
interstate commerce act - This policy matches with the regulation of commerce between states. It was designed to regulate the railroad industry and ensure fair and reasonable rates for shipping and transportation.
sherman anti-trust act - This policy matches with the regulation of monopolies and the prevention of anti-competitive business practices. It was created to promote fair competition and protect consumers from unfair business practices.
Sure, here are the descriptions and the policies they match:
1. Laissez-faire: A policy that advocates for minimal government intervention in the economy and promotes free-market capitalism. It supports the idea that businesses should be allowed to operate with little to no government regulations.
2. Interstate Commerce Act: A policy enacted in 1887 that aimed to regulate and oversee the activities and practices of railroads involved in interstate commerce. It was the first federal law to regulate private industry in the United States.
3. Sherman Anti-Trust Act: A policy passed in 1890 that aimed to control the growing power of large corporations and prevent monopolistic practices. It prohibited trusts and combinations that limited competition and restrained trade.
So, the correct matches would be:
- Laissez-faire: No government intervention in the economy.
- Interstate Commerce Act: Regulation of railroads involved in interstate commerce.
- Sherman Anti-Trust Act: Control of large corporations and prevention of monopolistic practices.
To determine the policy that matches each description, let's take a closer look at each of them:
1. Laissez-Faire:
Laissez-faire refers to a policy that promotes minimal government intervention in economic affairs. In other words, it advocates for a hands-off approach by the government where free markets are allowed to operate without regulation or interference.
2. Interstate Commerce Act:
The Interstate Commerce Act was a piece of legislation passed by the United States Congress in 1887. It aimed to regulate the railroad industry and ensure fair practices in interstate commerce. The act established the Interstate Commerce Commission (ICC), the first federal regulatory agency, with the authority to oversee and regulate the railroad industry.
3. Sherman Antitrust Act:
The Sherman Antitrust Act was enacted in 1890 and was designed to address and prevent the formation of monopolies and other anti-competitive practices. It declared any contract, combination, or conspiracy that restrained trade or commerce among states or with foreign nations illegal.
Now, let's match the descriptions with the policies:
- Laissez-Faire: This matches the description of a policy that promotes minimal government intervention in economic affairs.
- Interstate Commerce Act: This matches the description of a policy that aimed to regulate the railroad industry and ensure fair practices in interstate commerce.
- Sherman Antitrust Act: This matches the description of a policy that was designed to address and prevent the formation of monopolies and other anti-competitive practices.
Therefore, the correct matches are:
- Laissez-Faire: Policy that promotes minimal government intervention in economic affairs.
- Interstate Commerce Act: Policy that aimed to regulate the railroad industry and ensure fair practices in interstate commerce.
- Sherman Antitrust Act: Policy that was designed to address and prevent the formation of monopolies and other anti-competitive practices.