WORLD HISTORY

Detailed explanation-1: -Why Was the Sherman Antitrust Act Passed? The Sherman Antitrust Act was passed to address concerns by consumers who felt they were paying high prices on essential goods and by competing companies who believed they were being shut out of their industries by larger corporations.

Detailed explanation-2: -Its critics pointed out that it failed to define such key terms as “combination, ” “conspiracy, ” “monopoly” and “trust.” Also working against it were narrow judicial interpretations as to what constituted trade or commerce among states.

Detailed explanation-3: -Antitrust laws protect competition. Free and open competition benefits consumers by ensuring lower prices and new and better products. In a freely competitive market, each competing business generally will try to attract consumers by cutting its prices and increasing the quality of its products or services.