USA HISTORY

Detailed explanation-1: -Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices.

Detailed explanation-2: -Antitrust and competition laws seek to prevent the benefits of a competitive market from being undermined by anticompetitive practices. The Company’s Antitrust Policy places the responsibility of compliance with all applicable antitrust and competition laws on every director, officer, and employee.

Detailed explanation-3: -The antitrust laws proscribe unlawful mergers and business practices in general terms, leaving courts to decide which ones are illegal based on the facts of each case. Courts have applied the antitrust laws to changing markets, from a time of horse and buggies to the present digital age.

Detailed explanation-4: -The Sherman Antitrust Act of 1890 was proposed by Sen. John Sherman of Ohio and later amended by the Clayton Antitrust Act. The Sherman Act prohibited trusts and outlawed monopolistic business practices, making them illegal in an effort to bolster competition within the marketplace. 6. The act contained three sections.

Detailed explanation-5: -The Sherman Antitrust Act is a law the U.S. Congress passed to prohibit trusts, monopolies, and cartels. Its purpose was to promote economic fairness and competitiveness and to regulate interstate commerce. Ohio Sen. John Sherman proposed and passed it in 1890.