Sherman Antitrust Act

The Sherman Antitrust Act, passed in 1890 in the United States, is a law designed to promote fair competition and prevent monopolies. It prohibits businesses from engaging in practices that restrict trade or reduce competition, such as price fixing or creating unfair advantages. By doing so, the Act aims to protect consumers and ensure that markets remain open to competition, which can lead to better products and prices. Enforced by government agencies, this law helps maintain a level playing field for businesses.