Nope!!! The correct answer is........ FALSE!! QK (btw this is a ninja if u were wondering!!)
Sherman Antitrust Act Clayton Antitrust Act of 1914
It was not an association but an act, it was the Clayton antitrust act that made monopolies illegal, the boardgame too, just kidding on the board game part.
Clayton antitrust act
The Clayton Act exempted labor unions from mergers and monopolies so boycotts, strikes and picketing can be used for labor disputes.
The Clayton Act exempted labor unions from mergers and monopolies so boycotts, strikes and picketing can be used for labor disputes.
Antitrust or Antitrust Laws
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.
Pretty much all progressives sought action to control monopolies. Theodore Roosevelt and William Howard Taft stand out as the two glaring examples of progressives who took action to control monopolies.
Monopolies is the plural form monopoly. A monopoly is when a person or company has complete control of a supply or trade in a market.
Federal legislation passed in 1890 prohibiting "monopolies or attempts to monopolize" and "contracts, combinations, or conspiracies in restraint of trade" in interstate and foreign commerce. The major purpose of the Sherman Antitrust Act was to prohibit monopolies and sustain competition so as to protect companies from each other and to protect consumers from unfair business practices. The act was supplemented by the clayton antitrust act in 1914. Both acts are enforced by the Federal Trade Commission (FTC) and the Antitrust Division of the U.S. Attorney General's office. (source: answers.com)
Monopolies can make excessive profits by over-charging consumers.
Monopolies can make excessive profits by over-charging consumers.