Corrupt business practices refer to unethical or illegal actions carried out by businesses or individuals within those businesses for personal gain, often at the expense of consumers, workers, or competitors.
Related terms
Sherman Antitrust Act: A law passed in 1890 that aimed to prevent monopolies and promote fair competition in business.
Trusts: Large combinations of corporations that dominated industries during the late 19th century. They were sometimes associated with corrupt practices.
Triangle Shirtwaist Factory Fire: A tragic event in 1911 where over 100 clothing factory workers died due to unsafe working conditions. It highlighted the need for workplace reforms.