Author Question: Andrew Carnegie dominated the steel industry on the basis of the Bessemer converter. This technology ... (Read 39 times)

wrbasek0 · **on:** Jun 30, 2018

Andrew Carnegie dominated the steel industry on the basis of the Bessemer converter. This technology permitted unskilled men to produce large quantities of steel at relatively low costs. This technology was

(a) invented by Carnegie.
(b) stolen from the British inventor Bessemer.
(c) acquired legally from the British inventor Bessemer.
(d) imported from Germany.

Question 2

The Sherman Act of 1890 and the Clayton Act of 1914 were Antitrust Acts whose purposes included all of the following except

(a) The maintenance of a competitive economy
(b) The prevention of monopolies, combinations and other conspiracies in restraint of trade
(c) The prevention of price discrimination that reduces competition
(d) The prevention of labor union activity that reduces competition in the labor market