Sherman Antitrust Act

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Sherman Antitrust Act

The first legislation passed in the United States limiting trusts and monopolies. The Act prohibits agreements and collusion restricting trade, without providing many specifics. The Act was largely unenforced against the organizations it was intended to curtail. Indeed, the Act was invoked early on to restrict organized labor more than any other group. As a result, Congress passed the Clayton Act in 1914 to clarify American antitrust law. The Sherman Act has been criticized by many, notably Ayn Rand and her followers, for unfairly and inefficiently restricting the Invisible Hand of the market.

Sherman Antitrust Act

An 1890 federal antitrust law intended to control or prohibit monopolies by forbidding certain practices that restrain competition. In the early 1900s, the U.S. Supreme Court ruled that the Act applied only to unreasonable restraints of trade and thus could be used only against blatant cases of monopoly.

Sherman Antitrust Act

One of the antitrust laws designed to encourage competition and discourage monopolies.

References in periodicals archive ?
The complaint in this case alleged violations of the federal Sherman Act and Oklahoma antitrust laws.
The fine that Citicorp alone will pay, USD 925 million, is the largest single fine ever imposed for a violation of the Sherman Act, she said.
AU Optronics and similar cases: whether anticompetitive activity abroad which affects a domestic company's foreign subsidiaries can give rise to an antitrust claim in the United States under the Sherman Act and the Foreign Trade Antitrust Improvements Act (FTAIA).
The Court held that the plaintiffs more than 20 Florida-based auto body repair shops failed to adequately state a claim, and dismissed all five of plaintiffs state law claims and both of their claims alleging violations of the Sherman Act.
17) The Sherman Act was enacted in 1890 and fundamentally formed statutory antitrust law in the United States.
A group boycott of chiropractors violates the Sherman Act.
Hagens Berman said Google infringed various federal antitrust laws such as the Sherman Act, Clayton Antitrust Act, California Unfair Competition Law and California Cartwright Act.
Later sections cover agreements in the restraint of trade, Section 1 of the Sherman Act, mergers, exclusionary and exploitative practices, and procedural hurdles and immunities.
Both Sea Star Line and Horizon Lines previously pleaded guilty, in related criminal proceedings, to anticompetitive conduct in violation of the Sherman Act.
The Foreign Trade Antitrust Improvements Act of 1982 (FTAIA) provides that the Sherman Act "shall not apply to conduct involving trade or commerce .
Part II provides a brief overview of section 1 of the Sherman Act the "comprehensive charter of economic liberty" in American trade.
In other words, each case must be individually evaluated against the Sherman Act which seeks to prevent monopolies in business.