What was the Sherman Antitrust Act of 1890 quizlet?
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What is the Sherman Act quizlet?Sherman Act of 1890: First major statutory law in the United States regarding Anti-Trust. Section 1: contract, combination of conspiracy to restraint trade is illegal. Section 2: attempt to or actual creation of monopoly is illegal. Deals with products and services.
What is the Sherman Antitrust Act and why was it important?The Sherman Antitrust Act was enacted in 1890 to curtail combinations of power that interfere with trade and reduce economic competition. It outlaws both formal cartels and attempts to monopolize any part of commerce in the United States.
Why was the Sherman Antitrust passed quizlet?It was passed by John Sherman because it was to stop monopoly businesses. How it got passed was the Senator of Ohio John Sherman came up with the idea sent it to U.S Congress and then decided to make it a law to stop monopoly businesses.
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