What is a Trust? (Teachable Moments - AP US History Review) HD

While I was running a parking lot before a football game, I found myself in the midst of a teachable moment! All of the people running the parking lots on our street had agreed to a set price and had agreed on a system of sharing incoming traffic rather than competing with each other. We had formed a trust! In the late 19th century, American corporations formed combinations known as trusts in order to reduce competition and regulate production and prices. Trusts became very unpopular during the Gilded Age because they were not seen as being helpful to the consumer or to the market. In 1890, Congress passed the Sherman Antitrust Act, a weak piece of legislation that was strengthened by the Clayton Antitrust Act in 1914. For more AP US History review videos and materials, subscribe to my channel and visit my website (http://www.tomrichey.net)