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How did the U.S. government attempt to regulate big business?

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Presentation on theme: "How did the U.S. government attempt to regulate big business?"— Presentation transcript:

1 How did the U.S. government attempt to regulate big business?

2 Carnegie Steel Company
By the late 1800s, many companies were becoming monopolies by controlling or dominating their industries. Carnegie Steel Company

3 Business leaders created monopolies by forming trusts, which eliminated competition through the combination of businesses.  John D. Rockefeller

4 The U.S. government ignored such actions at first, until growing criticisms forced political change.

5 The Interstate Commerce Act was passed in 1887 to regulate railroads.

6 This law set up the Interstate Commerce Commission, an agency that forced railroads to charge fair rates for all customers.

7 The Sherman Antitrust Act was passed in 1890 to regulate big business by prohibiting monopolies.
Standard Oil Company

8 However, many companies got around this law and it was not strictly enforced until the early 1900s.
Conglomerates today

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