Question

How did the government attempt to regulate big business?

Business leaders were instructed to form cartels.
Congress passed the Sherman Antitrust Act.
Industrialists were encouraged to cut production costs.

Answer 1

Congress passed the Sherman Antitrust Act.

Answer 2

The correct answer is: "Congress passed the Sherman Antitrust Act"

The Sherman Antitrust Act was a federal antitrust law enacted in the US in 1890, during Harrison's presidency.

It attempted to regulate competition among enterprises, as during the industralization era many companies started to reach agreements with their potential competitors and to function as monopolies, harming consumers and competitiveness in the national economy and enriching themselves by fixing high prices for their products.