Which statement about trusts is NOT correct?
A) The problems associated with the trust form of business organization led to the development of the antitrust acts.
B) Trusts developed after the Civil War.
C) Trusts acted like monopolies.
D) The first antitrust act was passed after World War II.

Question

Quizplus · Accepted Answer

The first antitrust act, the Sherman Antitrust Act, was passed in 1890, well before World War II. This act was a response to the monopolistic practices and consolidation of power seen in trusts and other large corporations at the time.

Which Statement About Trusts Is NOT Correct