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 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
The main purpose of both the Sherman Antitrust Act and the Clayton Antitrust Act was to promote fair competition and prevent monopolistic practices in the marketplace. The Sherman Act, enacted in 1890, aimed to outlaw all forms of anticompetitive agreements and monopolies. The Clayton Act, passed in 1914, built on the Sherman Act by addressing specific practices like price discrimination and exclusive dealing, providing more detailed regulations to protect consumers and promote fair business practices. Together, these laws sought to foster a competitive economy and safeguard consumer interests.
No
magic
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