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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What are the six important business-related federal laws passed between 1887 and 1914?

Summary Introduction

To determine: The six significant business-related federal laws enacted between the year 1887 and 1947.

Introduction: Social responsibility alludes to the business morals idea of being responsible for affecting society and culture. Morals values play a significant part in the modern period of business. Most organizations have unique preparing, workshops, and even a different division to build up corporate guidelines and arrangements of morals and ethical quality.

Explanation

The six significant business-related federal laws enacted between the year 1887 and 1947 are as follows:

  • Interstate Commerce Act: This act was enacted in the year 1887. It was the foremost federal act to control trade practices and provide guidelines of railroads and transport charges.
  • Sherman Antitrust Act: This act was enacted in the year 1890. This act prevents imposing business models or mergers where rivalry was jeopardized.
  • Pure Food and Drug Act: This act was enacted in the year 1906...

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