Week 18 Check Up (A) community of interests exists between railroads and the Standard Oil Company sufficiently strong for the latter to get any help it wants in making it hard for rivals to do business The Standard owns stock in most of the great systems. It is represented on the board of directors of nearly all the great systems.and it has an immense freight not only in oil products, but in timber, iron, acids, and all of the necessities of its factories. It is allied with many other industries, iron steel, and copper, and can swing freight away from a road which does not oblige it. It has great influence in the stock market and can depress or inflate a stock if It sets about it.Little wonder that the railroads, being what they are, are afraid to "disturb their relations with the Standard Oil Companyl.)" Source: Ida Tarbell from The History of the Standard Oil Company, 1904 Passage of which legislation was likely the result of the problem exposed lin this book excerpt? The Antiquities Act Laws prohibiting Child Labor Anti-Trust Laws Laws establishing an Income Tax

Question

Week 18 Check Up (A) community of interests exists between railroads and the Standard Oil Company sufficiently strong for the latter to get any help it wants in making it hard for rivals to do business The Standard owns stock in most of the great systems. It is represented on the board of directors of nearly all the great systems.and it has an immense freight not only in oil products, but in timber, iron, acids, and all of the necessities of its factories. It is allied with many other industries, iron steel, and copper, and can swing freight away from a road which does not oblige it. It has great influence in the stock market and can depress or inflate a stock if It sets about it.Little wonder that the railroads, being what they are, are afraid to "disturb their relations with the Standard Oil Companyl.)" Source: Ida Tarbell from The History of the Standard Oil Company, 1904 Passage of which legislation was likely the result of the problem exposed lin this book excerpt? The Antiquities Act Laws prohibiting Child Labor Anti-Trust Laws Laws establishing an Income Tax

Answer 1

C. Anti-Trust Laws

Answer 2

## Step 1The problem presented in the book excerpt is the monopolistic control of the Standard Oil Company over the railroads and other industries. This is a clear example of a monopoly, where a single company has control over a significant portion of the market, making it difficult for other businesses to compete.## Step 2The problem of monopolies is a significant issue in the context of business and economics. It can lead to unfair competition, price manipulation, and a lack of consumer choice. ## Step 3Given the options, the legislation that would most likely address this issue is the Anti-Trust Laws. These laws are designed to prevent monopolies and promote competition in the market.

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