What was a goal of the sherman antitrust act of 1890?
Solved
Show answers
More tips
- W Work and Career What is the Most In-Demand Profession in the Modern World?...
- A Auto and Moto How Can Parking Sensors Help Drivers?...
- H Health and Medicine What is the Normal Blood Sugar Level in a Healthy Person?...
- F Food and Cooking Red Caviar: How to Choose the Best?...
- C Computers and Internet Clearing Cache: How to Speed Up Your Browser...
- S Style and Beauty How are artificial nails removed?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- F Food and Cooking Everything You Need to Know About Pasta...
Answers on questions: History
- H History Why did fdr and churchill finally decide to invade western europe?...
- H History What was the number one goal of wwii, as stated in the atlantic charter?...
- H History Those people in the up country of south carolina who decided to maintain law and order by dealing with criminals themselves were known as the what?...
- H History Eyewitnesses often have different accounts of events, so historians must believe every account they read to be true. determine only one account to be the truth. evaluate...
- H History Which best identifies the parties involved in civil conflicts in guatemala, el salvador, and nicaragua in the 1950s through the 1980s? a. leftist rebels and land-owning...
- H History Which event led to the bay of pigs invasion?...
- H History How has the middle east developed since world war 2?...
- H History In the red rift valley of africa, anthropologists first found clues to prehistoric life. give 2 examples of these clues to prehistoric life, and describe their importance...
- H History Burning fossil fuels releases too much carbon dioxide into the atmosphere. true or false i put true...
- H History How has the changing of interpretations of civil rights resulted in challenges or controversies as related to specific cases. (plessy v. ferguson , brown v. board of education,...
Ответ:
The Sherman Antitrust Act is a competition law in effect in the United States since 1890 that gives federal authorities the right to intervene in anti-competitive business practices to prevent the formation of trusts. It forms the basis of U.S. antitrust laws.
The Sherman Antitrust Act prohibits any arrangement made by companies that restricts interstate or U.S. foreign trade. These are considered to include various formal and informal cartels, such as prices agreed between companies or production limits. It also prohibits attempts to monopolize any business in the United States to a single operator. The law empowers the federal court to order the dissolution of companies found to be in violation of these regulations. Offenders can be punished with fines or imprisonment. Injured parties have the right to claim triple compensation for their losses.
The Sherman Antitrust Act was the first law passed by Congress to prevent an anti-competitive concentration of economic power. The law is named after Senator John Sherman, who specialized in economic regulation. The law enacted in 1890 was hardly applied to large monopolies in its early years because the letter of the law was interpreted narrowly. Instead, it was used against trade unions, as many courts considered them to be anti-competitive groups prohibited by law. During Theodore Roosevelt's presidency (1901–1909), the law began to be applied more vigorously against large corporations. One famous case was the dissolution of the Standard Oil company by a court decision into 34 separate companies in 1911.
Ответ: