Holt Antitrust Act

The Sherman Antitrust Act, passed in 1890, was the first federal law aimed at preventing unfair business practices that harm competition. It targets activities like monopolies and price-fixing that can restrict consumer choice and stifle innovation. The Act empowers the government to investigate and take legal action against companies engaging in such anti-competitive behaviors. Its goal is to promote a fair marketplace where businesses compete freely, leading to better prices, quality, and innovation for consumers. This law laid the foundation for modern antitrust policies aimed at maintaining healthy competition in the economy.