Question

trusts and laws
directions match the words in column 1 with their meanings in column 2.
write the letter on the line.
column 1 column 2

1. profits a. when a few giant companies control an important industry
2. competition b. trusts could charge high prices to increase this for themselves
3. trust c. people who wanted to change the laws to make things

work better

1. majority d. regulated by the interstate commerce commission (icc)

until 1995

1. sherman antitrust act e. the greater number of a group; reformers were this in

congress in the 1880s

1. banned f. the government wants to encourage more of this instead

of monopolies

1. reformers g. sometimes called the antiprice discrimination act
2. price discrimination h. the clayton act did this to unfair business practices
3. merger i. different buyers must pay different prices for the

same product

1. railroads j. when one business buys another business
2. icc k. banned unfair business practices
3. clayton act l. law making it illegal for large companies to form monopolies
4. robinson - patman act m. passed in 1887 to regulate railroads

Explanation:

• Profits: Trusts could charge high prices to increase profits for themselves.
• Competition: The government wants to encourage more competition instead of monopolies.
• Trust: When a few giant companies control an important industry.
• Majority: The greater number of a group; reformers were the majority in Congress in the 1880s.
• Sherman Antitrust Act: Law making it illegal for large companies to form monopolies.
• Banned: The Clayton Act banned unfair business practices.
• Reformers: People who wanted to change the laws to make things work better.
• Price discrimination: Different buyers must pay different prices for the same product.
• Merger: When one business buys another business.
• Railroads: Regulated by the Interstate Commerce Commission (ICC) until 1995.
• ICC: Passed in 1887 to regulate railroads.
• Clayton Act: Banned unfair business practices.
• Robinson - Patman Act: Sometimes called the Antiprice Discrimination Act.

Answer:

1. b
2. f
3. a
4. e
5. l
6. h
7. c
8. i
9. j
10. d
11. m
12. k
13. g