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What was the antitrust legislation of the late 1800s trying to restrict?
What is the purpose of the Sherman Antitrust Act? 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.
What is the Sherman Antitrust Act quizlet?
The Sherman Antitrust Act is a federal law prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade. The Clayton Antitrust Act is an amendment passed by the U.S. Congress in 1914 that provides further clarification and substance to the Sherman Antitrust Act of 1890.
Which of the following antitrust laws was enacted first?
Congress passed the first antitrust law, the Sherman Act, in 1890 as a "comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade." In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act, which created the FTC, and the Clayton ...
Which of these describes the major importance of the Sherman Antitrust Act of 1890?
Which of these describes the major importance of the Sherman Antitrust Act of 1890? it was the first move of the government to regulate the economy.