sherman antitrust act

Английский Язык - Английский Язык

Определение sherman antitrust act в Английский Язык Английский Язык словарь: (1890) First U.S. legislation enacted to curb concentrations of power that restrict trade and reduce economic competition. Proposed by Sen. John Sherman, it made illegal all attempts to monopolize any part of trade or commerce in the U.S. Initially used against trade unions, it was more widely enforced under Pres. Theodore Roosevelt. In 1914 Congress strengthened the act with the Clayton Antitrust Act and the formation of the Federal Trade Commission. In 1920 the U.S. Supreme Court relaxed antitrust regulations so that only "unreasonable" restraint of trade through acquisitions, mergers, and predatory pricing constituted a violation. Later cases reinforced the prohibition against monopoly control, including the 1984 break-up of AT&T. See also antitrust law; act created by the United States Congress in 1890 for the purpose of limiting any power that would restrain trade (such as monopolies and trade unions)

sherman antitrust act