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 Sherman Antitrust Act prohibits certain business activities that restrict fair competition.
The Court noted that, at a very basic level, the business practices of Southeastern Underwriters were in massive violation of the Sherman Antitrust Act.
The plaintiffs allege that a practice of controlling agricultural output with the purpose of increasing output price violates Section 1 of the Sherman Antitrust Act.
Hannan, Comment, Antitrust Law--Seventh Circuit Sees Through Faqade, Exposes NCAA Scholarship Limits to Sherman Antitrust Scrutiny --Agnew v.
Cote said the plaintiffs presented "compelling evidence" that Apple violated the federal Sherman antitrust law by playing a "central role" in a conspiracy with five major publishers to eliminate retail price competition and raise e-book prices.
Debs, William Jennings Bryan, and Grover Cleveland, and a section of primary sources like an excerpt from Mark Twain's Roughing It, a New York Times article on displays of wealth at a high-society ball; an article on the overcrowded, unsanitary conditions of poor residents in tenement buildings; Andrew Carnegie's writings about philanthropy; and the Sherman Antitrust Act.
In 1999, the Department of Justice found that Microsoft had violated the Sherman Antitrust Act.
s Pixar unit last week were ordered by Judge Koh to face an antitrust lawsuit under the federal Sherman antitrust law and California's antitrust legislation, the Cartwright Act.
The Sherman Antitrust Act was enacted in response and remains on the books today.
Supreme Court's "literalist" interpretation of the Sherman Antitrust Act of 1890.