The Washington Post
The Sherman Antitrust Act
This is a very short article, which briefly explains what a trust is and how a trust is formed. Included is a summary of the Sherman Antitrust Act, which prohibited the creation of trusts and monopolies in 1890.
Curated OER
Natural Monopoly
A description and example of a natural monopoly, along with a graph showing costs and product demand.
Curated OER
Monopoly/monopsony Power in Trade
Examples of large country importers and large country exporters are used to explain and compare the concepts of monopolies and monopsonies.
Smithsonian Institution
National Museum of American History: Powering the Past: Emergence of Electrical Utilities in America
Looks at the history of electrical utilities in the United States from the time of Edison up to President Franklin Roosevelt.
Digital History
Digital History: Business Organizations [Pdf]
After a brief description of various ways that businesses are organized, find out about the monopolies formed in the age of big business in the late 19th century, focusing primarily on Standard Oil. [pdf]
University of Groningen
American History: Outlines: Government in the Economy
This resource shows the different roles that the government plays in relation to the economy. It talks about the federal budget, the different responsibilities the government has, federal efforts to control monopolies, government...
Digital History
Digital History: The Supreme Court Decides [Pdf]
An explanation of the Supreme Court decision in 1911 that broke up the monopoly of Standard Oil, charged with unreasonable restraint of trade. Read commentary that claimed that the decision did not really increase competition in the oil...
PBS
Pbs: American Experience: Rockefeller on Trial
As part of an American Experience documentary on the Rockefellers, this article describes the investigations and lawsuits against John D. Rockefeller and his Standard Oil Company because of the oil monopoly he formed.
Other
Elemental Economics: Review of Basic Definitions: Competition
This site provides a good description of the four types of market structures: perfect competition, monopolistic competition, oligopoly, and monopoly, along with the major characteristics of each.
Read Works
Read Works: Trouble at Reading Railroad
[Free Registration/Login Required] A literary text about two cousins who disagree over a game of Monopoly. A question sheet is available to help students build skills in reading comprehension.
PBS
Pbs: American Experience: The Cleveland Massacre
The details surrounding the so-called "Cleveland Massacre," in which John D. Rockefeller bought up competitors' oil refineries, are set out here.
Council for Economic Education
Econ Ed Link: What Happened to Railroads?
Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral part of people's lives. In this lesson, students assume the role of detectives investigating why the rail companies...
American Institute of Biological Sciences
Action Bioscience: Dna Patents Create Monopolies on Living Organisms
An article that argues patenting living organisms is unethical. Check out the argument and accompanying resources.
Robert Schenk, PhD
Cyber Economics: The Theory of Few Sellers
An overview of monopoly, oligopoly and duopoly, focusing on the interdependence of firms in an oligopoly, shown through the use of a game tree how these firms are tempted towards the practice of collusion.
Science Buddies
Science Buddies: Dice Probabilities
You're playing Monopoly with a friend, and you've already got Park Place and you really, really want to get Boardwalk. If you're on Pacific Avenue, what are the chances you'll reach your goal? Here's an easy project that will show you...
Massachusetts Institute of Technology
Mit: Open Course Ware: Principles of Microeconomics
An introductory course in the fundamentals of microeconomics. Includes a list of suggested readings, lecture notes, assignments, and exams.
National Endowment for the Humanities
Neh: Edsit Ement: Robber Barons and Captains of Industry
A very thorough lesson plan from EDSITEment that explores the role of the robber barons in American industry in the 19th century. It explores the question of whether the robber barons were harmful or "Captains of Industry." You'll find...
US National Archives
Our Documents: The Sherman Anti Trust Act (1890)
Available on this informative site is an interactive copy of the original Sherman Anti-Trust Act of 1890. You can also view larger images, a typed transcript, and download a .PDF file. Beneath the interactive image is a brief but...
Other
Acton Institute: Multinational Corporations: Myths and Facts
A commentary on the pros and cons of multinational corporations as they expand throughout the marketplace and the world. (From: Religion & Liberty, Vol. 10, No. 6)
![The Relevance of Adam Smith [Pdf] Article](http://content.lessonplanet.com/resources/thumbnails/410036/large/bwluav9tywdpy2symdiwmduymc0zmjqxnc13odhtc2quanbn.jpg?1589984963 "The Relevance of Adam Smith [Pdf] Article")
Other
The Relevance of Adam Smith [Pdf]
Two hundred years after "The Wealth of Nations," this writer describes the continuing impact of Adam Smith's theories. Requires Adobe Reader.
Federal Trade Commission
Federal Trade Commission: Competition Counts
A PDF that explains the need for competition in the marketplace and how the FTC protects it.
Auburn University
Auburn University: Glossary of Political Economy Terms: Competition Defined
This Auburn University site is a very good explanation of competition, including hyperlinks to related topics such as monopoly and substitute goods.
University of Groningen
American History: Outlines: Boston "Tea Party"
In 1773, however, Britain furnished Adams and his allies with an incendiary issue. The powerful East India Company, finding itself in critical financial straits, appealed to the British government, which granted it a monopoly on all tea...
Other
Red Mountain High School: The Growing u.s. In the Late 1800's/early 1900's [Pdf]
A PowerPoint presentation covering American history during the second Industrial Revolution. Learn the forces behind monopolies, the growth of cities, and the development of labor unions among other aspects of progression at this time in...
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