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The Sherman Antitrust Act (Sherman Act) was passed by Congress in 1890 to prevent the formation of cartels and monopolies. Any trusts, companies, and organizations that are deemed anti-competitive by the federal government are in violation of this act.
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∙ 10y ago
Wiki User
∙ 12y agoOriginally designed to reinforce the American ideals of "free trade", and sought to bust up monopolies.
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In 1890, the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition?
Yes efficiency function. The Sherman Act meant that agreements "in restraint of trade" were illegal.
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.
What did the shermans anti trust act do?
The aim of the Sherman Act of 1890 (Sherman Anti-Trust Act) was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level.
The goal of the sherman antitrust act was to?
to prevent monopolies by big corporations or trusts-study island-
Why did the Sherman antitrust act seek to stop big business from forming trusts?
The Sherman Antitrust Act outlawed any combination of companies that restrained interstate trade or commerce.
This act was enacted in July of 1890 and made combining of businesses to prevent competition illegal?
The Sherman Antitrust Act was enacted in July 1890 and made combining of businesses to prevent competition illegal.
What was the Congressional act of 1890?
The Sherman Antitrust Act of 1890
What best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
What word best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
In 1890 the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition.?
Efficiency
1890 the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition.?
Efficiency
In 1890, the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition?
Yes efficiency function. The Sherman Act meant that agreements "in restraint of trade" were illegal.
What act was enacted in July of 1890?
Sherman Antitrust Act
What was the first antitrust statute enacted by congress?
The Sherman Antitrust Act -Sherman Act, July 2, 1890,
What was Robert Sherman's Solution called?
Robert Sherman's solution is called the Sherman Antitrust Act. It was enacted in 1890 and aimed to promote fair competition and prevent monopolies or anticompetitive behavior in the United States.
What outlawed monopolies?
1- Sherman Antitrust Act 1890 2- Clayton Act 1914 3- Federal Trade Commission Act 1914
How was the Sherman Antitrust Act of 1890 enforced?
no. the Sherman anti trust act was not enforced against big coorperations. instead in 1890 to 1900 the act was used againt the formation of unions
