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Which practice became an illegal business act according to the Sherman Antitrust Act?
Wiki User
∙ 13y ago
forming monopolies by buying out competitors
Wiki User
∙ 13y ago
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Why was the sherman antitrust act difficult to enforce?
Because they were good enough to break it
What punishment would a violator of the sherman antitrust act face?
imprisonment not exceeding three years and a fine not exceeding $10,000,000
What was the chief effect of the sherman antitrust act?
The federal government won the power to prevent monopolies and mergers that interfered with trade between states . =)
The Sherman Antitrust Act was passed in response to?
Standard Oil's U.S. monopoly. widespread mistrust of growing corporate power over the U.S. economy. years of laissez-faire policies by the federal government.
Was the Sherman Antitrust act sucsessful?
No because for numerous reasons:The act didn't specify which trusts were considered illegal whether they were "good" or "bad" combinationsThe writing and form of the act has numerous loopholes and vague phrasings that the lawyers from big businesses could exploit and manipulateLabor and craft unions were also made technically made illegal by the wording which was used by the monopolies and their lawyers would use the act against the unions
Did the Sherman antitrust support competition?
In its early years, however the Sherman Antitrust Act did little to curb the power of big business
Did the Sherman antitrust act support competitions?
In its early years, however the Sherman Antitrust Act did little to curb the power of big business
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)
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.
Which act of legislation strengthened Sherman Antitrust Act by spelling out the specific activities in which business could not engage?
Clayton Antitrust Act.
Antitrust act protecting unions from big business?
Clayton Antitrust Act
What was the first antitrust statute enacted by congress?
The Sherman Antitrust Act -Sherman Act, July 2, 1890,
What legislation was designed to limit the power of big business to form monopolies?
Sherman antitrust act
What resulted from the the investigation of the Triangle Shirtwaist fire?
The Sherman Antitrust Actthe passage of the sherman antitrust act
What resulted from the investigation of the triangle shirtwaiste fire?
The Sherman Antitrust Actthe passage of the sherman antitrust act
The first time that the US government succeeded in using the Act against big business was when the Supreme Court ordered the break up of the Northern Securities Company a railroad holdin?
sherman antitrust act
What best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
