Question

Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of increasing profits. What was a step by the federal government to limit the power of corporations?

What argument supports the perception of the big business leaders as \"captains of industry\"?

Answer 1

The federal government passed the Sherman Anti-Trust Act and the Interstate Commerce Act to limit the power of corporations, aiming to maintain competition and prevent monopolistic practices. Big business leaders were seen as "captains of industry" for driving economic growth and improving consumer access to goods.

Step-by-step explanation:

One significant step by the federal government to limit the power of corporations and combat monopolistic practices was the passage of the Sherman Anti-Trust Act of 1890. This legislation was aimed at disbanding trusts and monopolies that restrained trade or attempted to monopolize industries, ensuring a competitive market landscape. As part of its antitrust efforts, the government also enacted the Interstate Commerce Act in 1887 to regulate railroads and combat anticompetitive practices.

Big business leaders of the era were often seen as "captains of industry" because they were perceived to contribute to the nation's economic development through their investments, innovations, and efficient management. By improving productivity and reducing costs, these industrial leaders played a crucial role in advancing American industry and enhancing consumer access to various goods at lower prices.

Answer 2

Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of increasing profits. The step by the federal government to limit the power of corporations is the Sherman Antitrust Act. The argument that supports the perception of the big business leaders as "captains of industry" is that the support for technology benefits the economy.