The Sherman Antitrust Act

The Sherman Antitrust Act, enacted in 1890, is a U.S. law designed to promote fair competition and prevent business practices that reduce competition, such as monopolies and cartels. It makes it illegal for companies to unfairly monopolize markets or to agree to fix prices, limit production, or divide markets among themselves. The law aims to protect consumers from higher prices and fewer choices by encouraging a competitive marketplace. It is enforced by government agencies and the courts to promote a healthy, competitive economy.