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The aim of the Sherman Act of 1890 (Sherman Anti-Trust 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.
The Sherman Antitrust Act (1890) authorized the federal government to act against companies involved in restraint of trade or monopolistic practices. It was not used until several years later, beginning with President Theodore Roosevelt in 1901. The suits under the act were used to block conglomerates and corporate groups from controlling various industries (railroads, shipping, steel, tobacco, and oil). One of the largest companies broken up by the act was Standard Oil Company in 1911.
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How did the Supreme Court limit the scope of the Sherman antitrust act?
The U.S. v. E.C. Knight
Was the Sherman antitrust act succesful?
No
What was the Sherman Antitrust Act designed for?
magic
The goal of the sherman antitrust act was to?
to prevent monopolies by big corporations or trusts-study island-
What were two antitrust laws?
There are three major federal antitrust laws: The Sherman Antitrust Act, the Clayton Act and the Federal Trade Commission Act.
What was the first antitrust statute enacted by congress?
The Sherman Antitrust Act -Sherman Act, July 2, 1890,
How did the Supreme Court limit the scope of the Sherman antitrust act?
The U.S. v. E.C. Knight
What best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
When people began to protest the powerful trusts of industry magnate Congress passed the blank?
Sherman Antitrust Act
What word best describes the Sherman Antitrust Act of 1890?
What word best describes the Sherman Antitrust Act of 1890
What resulted from the investigation of the triangle shirtwaiste fire?
The Sherman Antitrust Actthe passage of the sherman antitrust act
What resulted from the the investigation of the Triangle Shirtwaist fire?
The Sherman Antitrust Actthe passage of the sherman antitrust act
Did the Sherman antitrust act support competitions?
In its early years, however the Sherman Antitrust Act did little to curb the power of big business
Law of 1890 that attempted to fight monopolies and other abuses by big business?
The Sherman Antitrust Act(not to be confused with The Sherman Antirust Act, which is something Sherman does to keep his outdoor furniture from corroding)
Was the Sherman antitrust act succesful?
No
What was the Sherman Antitrust Act designed for?
magic
Who started the Sherman Antitrust Act?
Senator John Sherman of Ohio.
