The Sherman Act

The Sherman Act, enacted in 1890, is a key U.S. antitrust law designed to promote fair competition and prevent monopolies. It prohibits activities that restrain trade or commerce, such as price-fixing, collusion among competitors, and attempts to dominate a market. Essentially, the Act aims to ensure that businesses compete fairly, which benefits consumers through better prices and choices. Violations can lead to significant legal penalties, including fines and possible imprisonment. Overall, the Sherman Act supports a healthy economy by encouraging competition and limiting the power of large corporations.