QUESTION IMAGE
Question
read the following excerpt and answer the question below. ... john d. rockefeller, merged the operations of many large companies ... standard oil ... came to monopolize 90% of the industry, severely limiting competition. these mo order to maintain high prices and profits. source: library of congress what was one consequence of the actions described in this excerpt? the sherman anti-trust act was passed. support for imperialist policies increased. the social security system was established. dependence on foreign fossil fuels increased.
The excerpt describes Standard Oil monopolizing the industry. Monopolies led to calls for anti - trust laws. The Sherman Anti - Trust Act was passed to address such monopolistic practices. Imperialist policies (related to overseas expansion), the Social Security system (a welfare program), and dependence on foreign fossil fuels (a later - 20th - century issue) are not related to the described monopolistic actions.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
The Sherman Anti - Trust Act was passed.