What was the sherman act?

Anonymous

∙ 9y ago

Updated: 3/13/2022

The Sherman Act (1890) authorized the federal government to institute proceedings against trusts in order to dissolve them, but Supreme Court rulings prevented federal authorities from using the act for some years.

The aim of the "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.

During his term (1901-1909) President Theodore Roosevelt became known as the "trust-buster" for using the Sherman Act to prevent monopolies and business cartels that served to inhibit free enterprise in the US.

Larry Ritchie ∙

Lvl 12

∙ 3y ago

What else can I help you with?

What was the first antitrust statute enacted by congress?

The Sherman Antitrust Act -Sherman Act, July 2, 1890,

When people began to protest the powerful trusts of industry magnate Congress passed the blank?

Sherman Antitrust Act

Law of 1890 that attempted to fight monopolies and other abuses by big business?

The Sherman Antitrust Act(not to be confused with The Sherman Antirust Act, which is something Sherman does to keep his outdoor furniture from corroding)

What act made it illegal to form trusts that interfered with free trade?

That is the: Sherman Antitrust Act.

What best describes the Sherman Antitrust Act of 1890?

What word best describes the Sherman Antitrust Act of 1890

Who started the Sherman Antitrust Act?

Senator John Sherman of Ohio.

What word 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

What was the Congressional act of 1890?

The Sherman Antitrust Act of 1890

What act was enacted in July of 1890?

Sherman Antitrust Act

Who passed the Sherman Anti-Trust act?

Benjamin Harrison - US President from March 4, 1889 - March 4, 1893

What outlawed monopolies?

1- Sherman Antitrust Act 1890 2- Clayton Act 1914 3- Federal Trade Commission Act 1914

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