When an injured party or the government filed suits, the courts could order the guilty firms to stop their illegal behavior or the firms could be dissolved.
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)
General Sherman---- Sherman's March to the Sea
The Sherman Act (1890) authorized the federal government to institute proceedings against trusts in order to dissolve them, but Supreme Court rulings prevented federal authorities from using the act for some years. The aim of the "Antitrust Act" was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level. During his term (1901-1909) President Theodore Roosevelt became known as the "trust-buster" for using the Sherman Act to prevent monopolies and business cartels that served to inhibit free enterprise in the US.
When it became clear to Confederate General William J. Hardee that the target of Sherman's armies was Savannah, Georgia and not Macon Georgia, he ordered Confederate cavalry unites to harass the Union's rear and both flanks. Also, he ordered all available militias to march eastward in an attempt to protect Savannah.
He was known by his troops as Uncle Billy. As a child and young man, before he became a commanding officer, his nickname was "Cump".
forming monopolies by buying out competitors
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)
General Sherman---- Sherman's March to the Sea
The aim of the Sherman Act of 1890 (Sherman Antitrust Act) was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level.Some powerful corporate directors used trusts to control entire areas of the economy, at the expense of smaller companies that became the victims of their anti-competitive practices.President Theodore Roosevelt (in office 1901-1909) later became known as the Trust-Buster for his actions to prevent monopolies.
The aim of the Sherman Act of 1890 (Sherman Antitrust Act) was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level.Some powerful corporate directors used trusts to control entire areas of the economy, at the expense of smaller companies that became the victims of their anti-competitive practices.President Theodore Roosevelt (in office 1901-1909) later became known as the Trust-Buster for his actions to prevent monopolies.
Sherman became the highest ranking general when Grant became president. He and Sheridan mapped out the plans for the wars against the Native Americans on the Great Plains.
William Sherman had lived in Mississippi, but had joined the Uniom Army and became the second most important general on that side.
General Sherman
William Sherman had lived in Mississippi, but had joined the Uniom Army and became the second most important general on that side.
William T. Sherman
The Sherman Act (1890) authorized the federal government to institute proceedings against trusts in order to dissolve them, but Supreme Court rulings prevented federal authorities from using the act for some years. The aim of the "Antitrust Act" was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level. During his term (1901-1909) President Theodore Roosevelt became known as the "trust-buster" for using the Sherman Act to prevent monopolies and business cartels that served to inhibit free enterprise in the US.
William T. Sherman