1. Anti-Trust laws
Actions that would fall into this category would be things such as prices war, which is where a company lowers a price below the cost level in order to gain market control, and contracts between suppliers or others that make it impossible for others to compete. ... Rockefeller also made agreements with the railroad company that transported his oil. ... Price wars were common against the Standard Oil Trust and other oil industries. ... Once the government looked into the practices of the Standard Oil Trust company, it filed a lawsuit against the company in 1906. The Standard Oil compan...
- Word Count: 1993
- Approx Pages: 8
- Grade Level: High School