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)
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.
I don't believe you meant to phrase your question quite like that but i can tell you that in the mid to late 1800's there were quite a few monopolies (which are companies that own the market of there product). An example of one would be the Vanderbilt's monopoly on railroads. The Sherman Antitrust Act was passed in 1890 basically to limit monopolies an create competition in various markets. Hope this helped!
The Sherman Antitrust Act is a law that prohibits certain business activities that seem to be anti-competitive and requires the Federal government to look into and pursue 'trusts.'
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.
The U.S. v. E.C. Knight
No
magic
to prevent monopolies by big corporations or trusts-study island-
The Sherman Antitrust Act -Sherman Act, July 2, 1890,
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.
The U.S. v. E.C. Knight
What word best describes the Sherman Antitrust Act of 1890
Sherman Antitrust Act
What word best describes the Sherman Antitrust Act of 1890
to prevent companies from restraining trade -to place a ban on monopolies in the U.S. (A+)
The Sherman Antitrust Actthe passage of the sherman antitrust act
The Sherman Antitrust Actthe passage of the sherman antitrust act
In its early years, however the Sherman Antitrust Act did little to curb the power of 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)
No