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MaxineThe 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.
What was considered a legal activity under the Sherman Anti- Trust Act?
The Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace.
What was considered illegal activity under the Sherman antitrust act?
Under the Sherman Anti-Trust Act a company could expand its business by buying a competing company.
What is clayton act 1914?
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.
What was considered legal activity under the sherman anti trust act?
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.
Which was the first legislative act that was created to end monopolies and regulate businesses?
Sherman - anti trust act
