What was about Sherman anti trust act?

Answer 1

The aim of the Sherman Act of 1890 (Sherman Antitrust 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.

Some powerful corporate directors used trusts to control entire areas of the economy, at the expense of smaller companies that became the victims of their anti-competitive practices.

President Theodore Roosevelt (in office 1901-1909) later became known as the Trust-Buster for his actions to prevent monopolies.