Question

Explain the purpose of the Sherman Antitrust Act of 1890. Why had such a law become necessary by the end of the 19th Century?

Answer 1

Answer: Suppression of agreements restricting free competition.

Explanation:

The law was enacted in 1890 and was in force until the end of World War I. Laws have been enacted to suppress the business practices of individuals and companies whose business was deemed harmful to the market. The United States was the first country to deal with a monopolistic economic policy. It is a policy that prohibits monopolization, exchange restrictions and cooperation between companies to increase prices or prevent competition.