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The Sherman Antitrust Act aimed to eliminate anti-competitive business practices that restrain trade and commerce, particularly monopolies and cartels. It sought to prevent companies from engaging in practices that would unfairly stifle competition, such as price-fixing, market division, and exclusive supply agreements. The Act established a legal framework to promote fair competition, ensuring that no single entity could dominate a market to the detriment of consumers and other businesses.

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Related Questions

Which practice became an illegal business act according to the Sherman Antitrust Act?

forming monopolies by buying out competitors


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.


Antitrust act protecting unions from big business?

Clayton Antitrust Act


Which act of legislation strengthened Sherman Antitrust Act by spelling out the specific activities in which business could not engage?

Clayton Antitrust Act.


What legislation was designed to limit the power of big business to form monopolies?

Sherman antitrust act


What was the first antitrust statute enacted by congress?

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


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 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