The Sherman Antitrust Act of 1890[1] (26 Stat. 209, 15 U.S.C. §§ 1 – 7) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce and consequently prohibits unfair monopolies.

Dec 23, 2024 · 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.

Mar 15, 2022 · The Sherman Anti-trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. It was named for Senator John Sherman of Ohio, who was a chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes.

Apr 21, 2024 · What Is the Sherman Antitrust Act? The Sherman Antitrust Act refers to a landmark U.S. law that banned businesses from colluding or merging to form a monopoly. Passed...

Congress passed the first antitrust law, the Sherman Act, in 1890 as a "comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade."

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.

An Act To protect trade and commerce against unlawful restraints and monopolies. America in Congress assembled, That ø15 U.S.C. 1 note¿ this Act may be cited as the ‘‘Sherman Act’’. SECTION 1. ø15 U.S.C. 1¿ Every contract, combination in the form of trust or otherwise, or conspiracy, in res

6 days ago · The first of these major measures declared illegal all combinations that restrained trade between states or with foreign nations. This law, known as the Sherman Antitrust Act (taking its name from its author, John Sherman) was passed by Congress early in July.

Dec 20, 2023 · Under the Sherman Act, agreements among competitors to fix prices or wages, rig bids, or allocate customers, workers, or markets, are criminal violations. Other agreements such as exclusive contracts that reduce competition may also violate the Sherman Antitrust Act and are subject to civil enforcement.

Feb 28, 2017 · The Sherman Antitrust Act was established as a way to keep competition fair in the business world. It did this by making it a crime to monopolize any part of the trade or commerce systems.