How do you cite the Sherman Act?
Olivia Shea
Updated on February 28, 2026
Citation: Act of July 2, 1890(Sherman Anti-Trust Act), July 2, 1890; Enrolled Acts and Resolutions of Congress, 1789-1992; General Records of the United States Government; Record Group 11; National Archives.
What did the Sherman Antitrust Act say?
The Sherman Act outlaws “every contract, combination, or conspiracy in restraint of trade,” and any “monopolization, attempted monopolization, or conspiracy or combination to monopolize.” Long ago, the Supreme Court decided that the Sherman Act does not prohibit every restraint of trade, only those that are …
What was the original purpose of the Sherman Antitrust Act?
What is the purpose of the Sherman Antitrust Act? The Sherman Antitrust Act was enacted in 1890 to curtail combinations of power that interfere with trade and reduce economic competition. It outlaws both formal cartels and attempts to monopolize any part of commerce in the United States.
What does the Sherman Act relate to?
Definition. The Sherman Antitrust Act of 1890 is a federal statute which prohibits activities that restrict interstate commerce and competition in the marketplace.
How did Roosevelt use the Sherman Antitrust Act?
The Sherman Anti-Trust Act Now that he was President, Roosevelt went on the attack. This law declared illegal all combinations “in restraint of trade.” For the first twelve years of its existence, the Sherman Act was a paper tiger.
What is the difference between the Sherman Act and the Clayton Act?
Whereas the Sherman Act only declared monopoly illegal, the Clayton Act defined as illegal certain business practices that are conducive to the formation of monopolies or that result from them.
Who has violated the Sherman Act?
Sherman Act Violations Resulting in Criminal Fines & Penalties of $10 Million or More
| Defendant (FY) | Product |
|---|---|
| HeereMac v.o.f. (1998) | Marine Construction |
| Singapore Airlines Cargo Pte Ltd. (2011) | Air Transportation (Cargo) |
| Hyundai Oilbank Co. (2020) | Fuel Supply |
| Panasonic Corporation (2013) | Automobile Parts |
What is an example of a violation of the Sherman Antitrust Act?
A business practice violates the Sherman Act under a “rule of reason” analysis if it is found to unreasonably restrain trade. Examples of per se Sherman Act violations are monopolies, tying, exclusive dealings, and price discrimination.
What was the purpose of the Sherman Antitrust Act?
The Sherman Antitrust Act is a law the U.S.
What was the Sherman Antitrust Act designed to do?
The Sherman Antitrust Act was designed to prevent business monopolies. The Sherman Antitrust Act is noted in history as the 1st act to illegalize monopolistic business activities in the US. The historic statute was approved by Congress in 1890 during the tenure of President Benjamin Harrison.
What does Sherman Antitrust Act mean?
What is the ‘Sherman Antitrust Act’. The Sherman Antitrust Act is landmark 1890 U.S. legislation which outlawed trusts — monopolies and cartels — to increase economic competitiveness.
What is Section 1 of the Sherman Antitrust Act?
The Sherman Antitrust Act was passed in 1890 after widespread growth of trusts in the 1880’s. Section 1 of the Sherman Antitrust Act prohibits agreements in restraint of trade–such as price-fixing, refusals to deal, bid-rigging, etc. The parties involved might be competitors, customers, or a combination of the two.
