EASY QULZ CHAPTER 14/26 DATE NAME 1. The Standard Oil trust A) was broken up in
ID: 1115630 • Letter: E
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EASY QULZ CHAPTER 14/26 DATE NAME 1. The Standard Oil trust A) was broken up in 1946 B) was controlled by several foreign nations C) forced its rivals out of business D) was put together by the U.S. government. 2. The Clayton Act prohibited A) interlocking directorates B) all forms of monopoly C) foreign control of U.S. corporations D) false and deceptive advertising 3. The "rule of reason" originated in the A) Standard Oil case of 1911 . B) U.S. Steel case of 1920 C) ALCOA case of 1945 D) XEROX case of 1973 4. The antitrust case that ended the use of the "rule of reason" by the Supreme Court was the case A) American Tobacco B) ALCOA C) U.S. Steel D) IBM 5. A key passage of the _Act stated that "every contract, combination in form of trust or otherwise, in restraint of commerce among the several states, or with foreign nations, is hereby declared illegal." A) Clayton B) FTC C) DuPont D) Shermarn 6. The trusts won only the case. A) cotton B) steel C) tobacco D) oil 7. The Clayton Act prohibited each of the following except A) price discrimination. B) interlocking stockholding C) interlocking directorates. D) trusts. 8. Labor unions became exempt from antitrust enforcement under the Act. A) Sherman B) Clayton C) FTCExplanation / Answer
1. The standard oil trust was formed by Rockefeller to force its rival out of the business. It became the biggest oil refineru in US.
2. The claymon act further strenthens the Sherman laws and prohibits all forms of monopoly.
3. It originated in the standard oil case of 1911 and after that became a major part of the antitrust laws.
4.
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