It was first interpreted in 1895 in U.S. v. E.C. Knight Company, in which the Court declared that manufacturing was a local industry and did not fall into the realm of interstate commerce.
In 1920, the Supreme Court applied the "rule of reason" interpretation of this act. It was first interpreted in 1895 in U.S. v. E.C. Knight Company, in which the Court declared that manufacturing was a local industry and did not fall into the realm of interstate commerce. It had little impact during its first evelen years, but was made into an effective weapon against monopolies by Theodore Roosevelt. FTP, name this first major antitrust legislation.
In 1920, the Supreme Court applied the "rule of reason" interpretation of this act.
Sherman Anti-Trust Act