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It was too broad and didn't define restraint of trade or monopoly.

After the passage of the Sherman Anti-trust act in 1890, trusts like the Standard Oil Co. just reorganized the trust into an enormous holding company (owned a controlling share of the stock of one or more companies or firms---versus literally owning other businesses.)

It did break up a few monopolies, but it really wasn't until 1914 with the passing of the Clayton Anti-trust Act and the creation of the Federal Trade Commission that anti-trust measures really made an impact on monopolies.

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