Sherman Antitrust Act of 1890

The Sherman Antitrust Act of 1890 is a U.S. law that aims to promote fair competition by preventing unfair business practices that reduce competition. It specifically prohibits activities like monopolies, which occur when a single company dominates a market, and illegal agreements between companies that fix prices or divide markets. The law seeks to protect consumers and ensure a free, competitive marketplace where multiple businesses can succeed, innovate, and offer better choices. It is a foundational legal step toward maintaining open and fair economic competition in the United States.