Question

Which Act, passed in 1890, banned monopolies and protected buyers from unfair business practices?

Answer 1

After the enactment of the Sherman Act in 1890, regulators found that the act contained certain weaknesses that made it impossible to fully prevent anti-competitive businesses practices in the United States. Senator Henry Clayton of Alabama introduced the Clayton Antitrust Bill to the US Congress in 1914.

The Sherman Anti-Trust Act authorized the federal government to institute proceedings against trusts in order to dissolve them.

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."

The Interstate Commerce Act of 1887 followed the Sharman act.

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