Sherman antitrust is the act by which, the government the power to control monopolistic corporations in the event that those corporations were using their position of power unfairly.
Best Answer: The Sherman Antitrust act gave the government the power to control monopolistic corporations in the event that those corporations were using their position of power unfairly. The act made the government 'top dog' so to speak when it came to who had more power (a corporation or a government). The Sherman Antitrust Act (1890) authorized the federal government to act against companies involved in restraint of trade or monopolistic practices. It was not used until sev … eral years later, beginning with President Theodore Roosevelt in 1901. How to use citation info. (on Archives.gov). Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. It was named for Senator John Sherman of Ohio, who was a chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes. Passed in 1890, the Sherman Antitrust Act was the first major legislation passed to address oppressive business practices associated with cartels and oppressive monopolies. The Sherman Antitrust Act is a federal law prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade. Best Answer: The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. Sherman Antitrust Act. Sherman Antitrust Act, 1890, first measure passed by the U.S. Congress to prohibit trusts; it was named for Senator John Sherman. Prior to its enactment, various states had passed similar laws, but they were limited to intrastate businesses. The Sherman Anti-Trust Act of 1890 (15 U.S.C.A. §§ 1 et seq.), the first and most significant of the U.S. antitrust laws, was signed into law by President Benjamin Harrison and is named after its primary supporter, Ohio Senator John Sherman.
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