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How did Sherman Antitrust Act harm businesses such as standard oil and tycoons like John D Rockefeller?
Wiki User
∙ 10y ago
Section 2 of the Act forbade monopoly. In Section 2 cases, the court has, again on its own initiative, drawn a distinction between coercive and innocent monopoly. The act is not meant to punish businesses that come to dominate their market passively.
Wiki User
∙ 10y ago
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How did government try to control big businesses?
the sherman antitrust act (1890) was supposed to stop businesses from using trust to destroy competition.
Four major antitrust laws?
1. sherman Antitrust act 2. Clayton Antitrust Act 3. Federal trade Commision Act 4. Robinson Patman Act
Which of the following was an attempt to restrict a monopoly of the oil industry in the US?
Sherman Antitrust Act
What legislation was designed to limit the power of big business to form monopolies?
Sherman antitrust act
What act was prohibiting interference with free trade?
The Sherman Antitrust Act prohibited interference with free trade. Trusts were business organizations that aimed to restrict the flow of goods and money in the economy, and by setting up an antitrust act Sherman attempted to prohibit this sort of interference.
What act of legislation strengthened the Sherman antitrust act by spelling out the specific activities in which businesses could not engage?
Clayton Antitrust Act
What main idea is stated in the Sherman Antitrust Act?
Prevented businesses from limiting competition.
What trusts did the Sherman Antitrust Act regulate?
The Sherman Anti-Trust Act regulated businesses that were deemed to be anticompetitive by creating a monopoly. Some companies affected by the Sherman Act were the Northern Securities Company, Standard Oil, and the American Tobacco Company.
How did government try to control big businesses?
the sherman antitrust act (1890) was supposed to stop businesses from using trust to destroy competition.
What was the first antitrust statute enacted by congress?
The Sherman Antitrust Act -Sherman Act, July 2, 1890,
What resulted from the the investigation of the Triangle Shirtwaist fire?
The Sherman Antitrust Actthe passage of the sherman antitrust act
What resulted from the investigation of the triangle shirtwaiste fire?
The Sherman Antitrust Actthe passage of the sherman antitrust act
What best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
How did the Supreme Court limit the scope of the Sherman antitrust act?
The U.S. v. E.C. Knight
Rule of reason?
Is a standard courts use in testing the legality of business conduct under section 1 of the http://www.answers.com/topic/sherman-antitrust-act Antitrust Act.
What word best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
What was the major purpose of the sherman antitrust act and the clayton antitrust act?
The Interstate Commerce Commission was to monitor railroad operations. The Sherman Antitrust Act was to break up bad trusts that were affecting the economy. But, it was ineffective because there was no definition as to what a trust or bad trust was. So it was later replaced witht eh Clayton Antitrust Act.
