Sherman Act

The Sherman Act, enacted in 1890, is a landmark U.S. law designed to promote fair competition and prevent anti-competitive practices. It prohibits actions that restrain trade, like monopolies and price-fixing agreements between companies. Essentially, it aims to ensure that businesses compete fairly, benefiting consumers with better products and prices. If companies engage in unfair practices that harm competition, the government can take legal action against them, promoting a healthier marketplace. The Act serves as a foundation for antitrust laws in the U.S., supporting economic fairness and consumer choice.