Question

what was the purpose of the sherman antitrust act?
a. to encourage horizontal integration
b. to limit monopolies
c. to promote laissez - faire policies
d. to protect workers’ rights
how did rockefeller gain control of the oil industry?
a. by selling his company
b. by using vertical integration
c. by working with the government
d. by using horizontal integration
the gilded age industrialists were often labeled as both:
a. entrepreneurs and philanthropists
b. politicians and businessmen
c. robber barons and captains of industry
d. labor leaders and union bosses

Explanation:

1. The Sherman Antitrust Act was created to curb the power of large monopolies that were dominating markets and limiting competition.
2. Rockefeller's Standard Oil used horizontal integration, buying out competing oil refineries to consolidate control over the industry.
3. Gilded Age industrialists had dual reputations: criticized as "robber barons" for exploitative practices, and praised as "captains of industry" for their economic contributions and innovation.

Answer:

1. b. To limit monopolies
2. d. By using horizontal integration
3. c. Robber barons and captains of industry