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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)
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What was the major purpose of the sherman antitrust act and the clayton antitrust act?
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.
How did the Supreme Court limit the scope of the Sherman antitrust act?
The U.S. v. E.C. Knight
What was the main purpose of both the Sherman antitrust act and the Clayton antitrust act?
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.
What was the primary purpose of the interstate commerce act 1887 the sherman antitrust act 1890 and the clayton antitrust act 1914 similar?
The primary purpose of the Interstate Commerce Act of 1887, the Sherman Antitrust Act of 1890, and the Clayton Antitrust Act of 1914 was to regulate and promote fair competition in the marketplace. The Interstate Commerce Act aimed to oversee railroad rates and practices to prevent monopolistic behaviors, while the Sherman Antitrust Act outlawed monopolies and practices that restrained trade. The Clayton Antitrust Act built upon these efforts by addressing specific anti-competitive practices and providing more robust protections for consumers and businesses. Together, these laws sought to curb corporate power and ensure a more equitable economic environment.
The goal of the sherman antitrust act was to?
to prevent monopolies by big corporations or trusts-study island-
What was the first antitrust statute enacted by congress?
The Sherman Antitrust Act -Sherman Act, July 2, 1890,
What was the major purpose of the sherman antitrust act and the clayton antitrust act?
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.
How did the Supreme Court limit the scope of the Sherman antitrust act?
The U.S. v. E.C. Knight
What best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
When people began to protest the powerful trusts of industry magnate Congress passed the blank?
Sherman Antitrust Act
What word best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
What was the purpose of the act of Sherman antitrust?
to prevent companies from restraining trade -to place a ban on monopolies in the U.S. (A+)
What was the main purpose of both the Sherman antitrust act and the Clayton antitrust act?
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.
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
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)
