What is Sherman Antitrust Act short definition?

What is Sherman Antitrust Act short definition?

The Sherman Anti-Trust Act authorized the federal government to institute proceedings against trusts in order to dissolve them. Any combination “in the form of trust or otherwise that was in restraint of trade or commerce among the several states, or with foreign nations” was declared illegal.

What was the main purpose of the Sherman Antitrust Act of 1890?

The Sherman Antitrust Act was enacted in 1890 to curtail combinations of power that interfere with trade and reduce economic competition. It outlaws both formal cartels and attempts to monopolize any part of commerce in the United States.

What was the Sherman Antitrust Act quizlet?

-Passed in 1890, the Sherman Antitrust Act was the first major legislation passed to address oppressive business practices associated with cartels and oppressive monopolies. The Sherman Antitrust Act is a federal law prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade.

What is the purpose of the Sherman Antitrust Act quizlet?

– 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.

What is significant about the Sherman Antitrust Act of 1890 quizlet?

What was the Sherman Antitrust Act in response to?

The Sherman Antitrust Act was passed in response to the widespread concern of the public to stop big corporations from dominating commerce in the United States.

Which of the following describes the purpose of the Sherman Antitrust Act 1890 )? Quizlet?

Which of the following was the most important purpose of the Sherman Antitrust Act?

what was the purpose of the Sherman antitrust act, and the subsequent Clayton Antitrust act? -Passed in 1890, the Sherman Antitrust Act was the first major legislation passed to address oppressive business practices associated with cartels and oppressive monopolies.

What did the Sherman Antitrust Act prosecute?

Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace. It outlaws any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade.

Was the Sherman Antitrust Act 1890 effective?

For more than a decade after its passage, the Sherman Antitrust Act was invoked only rarely against industrial monopolies, and then not successfully. Ironically, its only effective use for a number of years was against labor unions, which were held by the courts to be illegal combinations.