LUIZ: BIG BUSINESS AND THE MONOPOLY True/False Decide if each statement is true or false, and write "true "or"false" in the blank. __ 1. The Standard Oil Company controlled 90 percent of the petroleum industry in the United States. __ 2. The Sherman Anti-Trust Act made it legal to form monopolies. __ 3. During the Industrial Revolution, more goods were made by hand than were made by machines. __ 4. By the late 1800s Americans wanted the government to take action against monopolies. l __ 5. The Industrial Revolution started in the United States and spread to England. Multiple Choice Circle the best answer.and write the letter in the box. 6. A monopoly is when __ A. a company makes goods with machines B. a company makes goods by hand C. a company gets total control of a product or service D. government takes over a business 7. The main goal of business was to __ A. provide goods or services to people B. make money C. keep prices down D. follow the law Short Answer Answer the following question in complete sentences. 8. Who started the Standard Oil Company? __