What is the purpose of the sherman antitrust act

History

2 answers:

larisa86 [58]2 years ago

7 0

The Sherman Anti-Trust Act outlawed monopolistic business practices.

The Sherman Anti-Trust Act was the first measure by Congress to prohibit trusts. It was passed by Congress in 1890. A trust was when stockholders in multiple companies transferred their stock shares to a single group of trustees. Thus a whole industry area could be dominated by a single "trust" organization, destroying the free market of business competition. . This was a monopolistic practice which the Sherman Anti-Trust Act ended.

katen-ka-za [31]2 years ago

5 0

The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts.

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