【答案解析】[听力原文]
Law: Anti-trust Law
Professor: Today we are going to begin studying about anti-trust laws. The need for anti-trust legislation began when America was expanding industrially during the 1880s. During this time period America was experiencing a huge influx of immigrants from southern and eastern Europe because America was in the midst of its Industrial Revolution and needed workers. No longer did the "cottage" industry represent industry in America. The factory did.
And with the factory came development in trade and commerce. The railroads expanded and factories and companies, such as steel companies, became larger and more important to American commerce. The men who owned and ran these companies were wealthy and they became even wealthier as American industrial growth continued. Sometimes these individuals were referred to as "industrial giants" or "moguls of industry" and other times they were called "robber barons" and other names which were not representing them in a positive light. The reason for this was that many people believed these wealthy individuals were getting richer at the expense of the common person. They were increasing their holdings by taking advantage of small companies by purchasing them at very low prices or causing the small companies not to be profitable so they could be bought up at very low prices. They also combined with other profitable companies to make an even larger company. And as a result, the wealthy got wealthier, and they increased their business holdings by leaps and bounds and they dominated the industry with their large company while reducing competition.
In 1890, Congress passed the first legislation in America to try to curb these undesirable business practices. The law was called the
Sherman Anti-Trust Law
and was directed at preventing monopolies. Now, you have to remember that having a monopoly in and of itself is not necessarily illegal. If a monopoly has been thrust upon you, as a business person, because you are the only one in a certain industry, then you may have done nothing illegal. What the Sherman Act was directed to was preventing the formation of monopolies. That means business owners could not purchase other companies similar to theirs to become "big" and run smaller companies out of business. It also meant that business owners could not use predatory practices to gain a business advantage. And, I think you all know that a "predatory practice" is one that exploits or takes advantage of another.
So, Congress was trying to curb the abuse of big business restraining trade when it passed the Sherman Act. The act provided that every contract, combined in the form of mast or otherwise, or a conspiracy in restraint of trade was illegal. Now, the language of the law stated this illegality applied to commerce within the United States as well as foreign commerce. Second, the Sherman Act provided that anyone who monopolized, or attempted to monopolize, or combined or conspired with any other person to monopolize trade or commerce in the U.S. or with foreign countries was guilty of a felony.
The law was an attempt to break up the business trust known as Standard Oil and controlled by John D. Rockefeller and his business associates because it was thought Standard Oil was increasing the costs for the consumers by artificially raising prices by restricting trade or supply of product. And what is also important is that the law provided criminal sanctions against violators.
The Attorney General"s office of the U.S. Department of Justice was the enforcer of the act and the Sherman Act remained the only anti-trust law in effect until 1914 when the
Clayton Antitrust
Act was enacted.
[解析] 讲座通常会在开头说明本次讲座的主题,因此应注意听讲座的开头部分。教授一开始就说:Today we are going to begin studying about anti-trust. The need for anti-trust legislation began when America was expanding industrially during the 1880s。C选项正确。