Question

How successful was the Sherman Antitrust Act in accomplishing its goals?

Answer 1

Sherman Antitrust Act did not succeed because the act did not describe the requirements of trust specifically.

Explanation:

The Sherman antitrust law is a pioneer of the United States in 1890, which banned trusts–monopolies and unions–to improve the efficiency of the economy. The rule of law is a common and comprehensive attempt to deal with the use of trusts as a mechanism that allows a limited number of people to control a number of key sectors.

It did not succeed because the deed did not clearly establish the terms of trust. Yet 7 of the eight cases brought against trusts by the government were endangered by the Supreme Court.

However, because the legislation does not define clearly concepts such as trusts, monopolies or collusion, there are few businesses actually being prosecuted for its action. The Act received urgent public approval.