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The Sherman Antitrust Act was passed by Congress in 1890 to prohibit monopolies and trusts, and to promote fair competition in business.

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Related Questions

Which federal law was passed by congress to control trusts and monopolies?

Sherman Antitrust Act Clayton Antitrust Act of 1914


Congress passed the Interstate Commerce Act of 1887 and the sherman antitrust 1890 in response to?

Congress passed the Interstate Commerce Act of 1887 and the Sherman Antitrust Act of 1890 in response to prohibit monopolies. Who likes pizza cause I do


How did the government respond to public pressure to prohibit trust and monopolies?

Public pressure for a federal law to prohibit trusts and monopolies led congress to pass the sherman antitrust act in 1890.


Congress passed the interstate commerce act 1887 and the sherman antitrust act 1890 in response to?

Congress passed the Interstate Commerce Act of 1887 and the Sherman Antitrust Act of 1890 in response to prohibit monopolies. Who likes Pizza cause I do


How did the US Congress respond to concern regarding the power of trusts?

Public pressure for a federal law to prohibit trusts and monopolies led congress to pass the sherman antitrust act in 1890.


What law did congress pass in 1890 to prohibit monopolies and trusts?

In 1890, Congress passed the Sherman Antitrust Act, which aimed to prohibit monopolies and trusts that restrained trade and commerce. The law was designed to promote competition and prevent anti-competitive practices that could harm consumers. It allowed the federal government to take legal action against companies engaging in unfair business practices and laid the groundwork for future antitrust legislation.


What law did congress past in 1890 to prohibit monopolies and trust?

Sherman Antitrust ActOriginally designed to reinforce the American ideals of "free trade," the Sherman Anti-Trust Act sought to bust up monopolies like those formed by John D. Rockefeller. Unfortunately, its vague language, including the phrase "restraint of trade," left it open to interpretation, usually benefiting corporations instead of the working classes as originally intended.


Why do you think the US congress prohibited monopolies and trusts?

The U.S. Congress prohibited monopolies and trusts to promote fair competition and protect consumers from unfair business practices. Monopolies can lead to higher prices, reduced innovation, and limited choices for consumers, undermining the principles of a free market. By enacting antitrust laws, Congress aimed to prevent the concentration of economic power and ensure a level playing field for businesses, fostering a healthy economy that benefits all. This regulatory framework seeks to safeguard both consumer interests and the integrity of the marketplace.


What was the purpose of the Sherman Antitrust Act It made the sale of a corporation without Congress's approval illegal. Itattemped to create competition by making monopolies illegal. It attempted to?

You need to answer this question question because we don’t do homework and your teacher is looking for your critical thinking skills and how well you understood the lesson.


What did congress do to protect consumers from monopolies?

monoply is a game.


What was the first antitrust statute enacted by congress?

The Sherman Antitrust Act -Sherman Act, July 2, 1890,


What does the Sherman Act of 1890 in the USA seek to prevent?

The Sherman Antitrust Act (Sherman Act) was passed by Congress in 1890 to prevent the formation of cartels and monopolies. Any trusts, companies, and organizations that are deemed anti-competitive by the federal government are in violation of this act.