Sherman Antitrust Law

The Sherman Antitrust Act, passed in 1890, is a U.S. law that promotes fair competition and prevents monopolies. It makes illegal any agreements or actions that restrain trade or create unfair market dominance. Essentially, it aims to ensure that no single company can control a market to the detriment of consumers and other businesses. This law helps maintain an open marketplace, encouraging innovation and fair pricing. Violations can lead to legal action, fines, or breaking up companies that misuse their power.