It was not an association but an act, it was the Clayton antitrust act that made monopolies illegal, the boardgame too, just kidding on the board game part.
Clayton antitrust act
The Sherman Antitrust Act sought to break up monopolies. This act is enforced when any one type of business is trying to hold the power over their entire industry.
Sherman Antitrust Act was the first major federal legislation passed to encourage competition in the United States.
The Sherman Antitrust Act (Sherman Act,[1]26 Stat. 209, 15 U.S.C. §§ 1-7) is a landmark federal statute in the history of United States antitrust law (or "competition law") passed by Congress in 1890. It prohibits certain business activities that federal government regulators deem to be anticompetitive, and requires the federal government to investigate and pursue trusts.It has since, more broadly, been used to oppose the combination of entities that could potentially harm competition, such as monopolies or cartels.According to its authors, it was not intended to impact market gains obtained by honest means, by benefiting the consumers more than the competitors. Senator George Hoar of Massachusetts, another author of the Sherman act, said the following:
D. M. Raybould has written: 'Comparative law of monopolies' -- subject(s): Antitrust law, Monopolies, Restraint of trade 'Law of monopolies' -- subject(s): Antitrust law, Competition, Monopolies
Federal law outlawing monopolies in order to preserve competition
Antitrust ~ adj. Opposing or intended to regulate business monopolies, such as trusts or cartels, especially in the interest of promoting competition: antitrustlegislation, antitrust laws
The government can break up monopolies and block potential mergers which may reduce competition.
George Cyriax has written: 'Monopoly and competition' -- subject(s): Antitrust law, Competition, Economic policy, Monopolies, Restraint of trade 'Monopoly and competition' -- subject(s): Restraint of trade, Antitrust law
Nope!!! The correct answer is........ FALSE!! QK (btw this is a ninja if u were wondering!!)
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
The Sherman Antitrust Act was passed by Congress in 1890 to prohibit monopolies and trusts, and to promote fair competition in business.
It made certain practices illegal when their effect was to lessen competition to create a monopoly.
1887: The Interstate Commerce Act which attacked monopolies and competition. 1890: Sherman Antitrust Act which attacked contracts made between businesses.
One of the key legislations that strengthened federal laws against monopolies was the Sherman Antitrust Act of 1890. This act aimed to prevent the formation of monopolies or cartels that could restrain trade and limit competition. It prohibited any agreements or actions that would result in the restraint of trade or the monopolization of an industry.
The Sherman Antitrust Act was passed in 1890 to promote fair competition and prevent monopolies in business. It sought to prevent large corporations from engaging in practices that could harm consumers or limit competition in the marketplace.