THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sherman Anti-Trust Act
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Wilson Anti-Trust Act
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Pugsley Anti-Trust Act
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Mattell Anti-Trust Act
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Detailed explanation-1: -The Sherman Antitrust Act (Sherman Act, July 2, 1890, ch. 647, 26 Stat. 209, 15 U.S.C. 1–7) was the first United States Federal statute to limit cartels and monopolies.
Detailed explanation-2: -Its author was John Sherman, a United States Senator from Ohio. The federal government utilized this legislation throughout the late 1800s and the 1900s to break up monopolies, including that of the Standard Oil Company in 1911.
Detailed explanation-3: -It prohibits all agreements and conspiracies in restraint of trade and commerce. These prohibited restraints include price fixing, market allocation, boycotts, bid rigging and tying agreements. The Sherman Act also prohibits monopolizing or attempts to monopolize any line of commerce.