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The Pros And Cons Of Antitrust Laws

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The Pros And Cons Of Antitrust Laws
Progressives had beliefs such as industrialization and urbanization had created troubling social and political problems. Progressives wanted to bring about reforms that would correct what they saw as problems and injustices. The Antitrust Laws were designed to prevent and punish anti-competitive practices. Progressives complained that the Sherman Antitrust Act of 1890 was inadequate and ineffective in limiting the abuses of big businesses. The Progressives made states pass the antitrust laws to make cartels and monopolistic practices illegal and to regulate railroad rates.
The Federal Reserve Act which placed commercial banks under the control of a Federal Reserve Board that set up regional banks to hold the reserve funds from those commercial
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