A company buying another company to eliminate it as competition
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The Sherman Act prohibits activities that restrict interstate commerce and competition in the marketplace. It also prohibits monopolization or attempts at monopolizing any aspect of interstate trade or commerce.
It prohibited specific means of anticompetitive conduct. The Act was aimed at regulating businesses. However, its application was not limited to the commercial side of business. It's prohibition of the cartel was also interpreted to make illegal many labor union activities. This is because unions were characterized as cartels.
The Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace.
Under the Sherman Anti-Trust Act a company could expand its business by buying a competing company.
The Clayton Anti-Trust Act of 1914 was a strengthening of the Sherman Anti-Trust Act. It allowed for the breakup of trusts rather than what the Sherman Anti-trust act was used for, which was the break up of unions.
The Sherman Antitrust Act was designed to maintain competition in business and to allow fair trade. It allows reasonable restraints of trade and market gains obtained by honest means. It allows monopolies that have been created through efficient, competitive behavior as long as honest methods have been employed.
Sherman - anti trust act