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 ?
In interpreting the scope of the Sherman Act and its restraint on supplier group action, courts appear uniform in distinguishing two types of group conduct: group action to collect debts is permissible, while group action to restrain trade, such as collectively refusing to sell a customer, is not permissible.
the Justice rejected the claim that the Sherman Act simply banned a fixed list of agreements deemed unenforceable in 1890.
14) The resulting state-action immunity doctrine sharply limited any preemptive scope of the Sherman Act over anticompetitive state regulations.
19) The United States Court of Appeals for the Second Circuit affirmed, holding that Actavis violated the Sherman Act by withdrawing Namenda IR from the market prior to the expiration of its patent.
Section 1 of the Sherman Act prohibits agreements in restraint of trade.
To give more meaning to the Sherman Act, the Clayton Act was subsequently enacted.
14) The district court denied both the defendants' motions to dismiss, ruling that price fixing is a per se violation of the Sherman Act and that the price fixing conspiracy involved foreign and domestic conduct.
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.
17) The Sherman Act was enacted in 1890 and fundamentally formed statutory antitrust law in the United States.
To answer this question, the Court considers whether plaintiff's allegation suffice to state a viable claim under the Sherman Act, 15 U.