What problem did the Sherman antitrust act resolve?

Answer 1

The Sherman Antitrust Act, enacted in 1890, aimed to address the rising concerns over monopolies and anti-competitive practices that were stifling fair competition in the marketplace. It sought to prevent businesses from engaging in activities that restrained trade or commerce, thereby promoting a more competitive economic environment. By prohibiting monopolistic behaviors and cartels, the Act laid the groundwork for federal enforcement against corporate abuses and helped protect consumers and smaller businesses from unfair practices.