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The Sherman Antitrust Act (Sherman Act,[1]26 Stat. 209, 15 U.S.C. §§ 1-7) is a landmark federal statute in the history of United States antitrust law (or "competition law") passed by Congress in 1890. It prohibits certain business activities that federal government regulators deem to be anticompetitive, and requires the federal government to investigate and pursue trusts.
It has since, more broadly, been used to oppose the combination of entities that could potentially harm competition, such as monopolies or cartels.
According to its authors, it was not intended to impact market gains obtained by honest means, by benefiting the consumers more than the competitors. Senator George Hoar of Massachusetts, another author of the Sherman act, said the following:
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Who maintained control of the major powers of government?
the individual states
Which year began the shortest period of control by a major party?
1778
The major reason for a nation having a written constitution is to?
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How do you characterize monopolies in the Philippines?
Due to the fact that monopolies have existed in the Philippines for so long, it's almost like a dictating relationship. Meralco is one of the major monopolies. Customers have no choice on what to pay, or who provides them their service. Complaints or not paying a bill, will automatically suspend or cut of your electricity.
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What major processes does the nervous system control?
it helps control movement etc
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