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American antitrust law formally began in 1890 with the U.S. Congress's passage of the Sherman Act, although a few U.S. states had passed local antitrust laws during the preceding year. [12] Using broad and general terms, the Sherman Act outlawed "monopoliz[ation]" and "every contract, combination ... or conspiracy in restraint of trade". [13]
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
January 30 – The Supreme Court renders its unanimous decision in the landmark case of Swift & Co. v. United States, allowing the federal government to regulate monopolies. [1] March 4 – President Theodore Roosevelt begins his first full term. Charles W. Fairbanks is sworn in as Vice President of the United States.
Click to skip ahead and jump to the 5 Most Famous Monopolies of All Time. ... Pan Am was in existence from 1927 to 1991 as the largest American airline, and is said to have been a monopoly in the ...
Specific government programs and policies which gave shape and form to the American School and the American System include the establishment of the Patent Office in 1802; the creation of the Coast and Geodetic Survey in 1807 and other measures to improve river and harbor navigation; the various Army expeditions to the west, beginning with the ...
The short-term panic lasted approximately 1 year and led to a drop of the major U.S. stock market index by ~26%. It mostly affected the stock market and business traders who were smarting from the activities of trust busters, especially with the breakup of the Standard Oil Company and the American Tobacco company. [2]
From 1915 to 1918, the largest American steel company, U.S. Steel, alone delivered more steel each year than Germany and Austria-Hungary combined, totaling 99,700,000 tons during WW I. [80] The Republicans became masters of negotiating exceedingly complex arrangements so that inside each of their congressional districts there were more ...
1917–1919 – Silent Sentinels hold a vigil outside the White House gates in favor of women's suffrage, a nearly two–and–a–half year demonstration organized by Alice Paul and the National Woman's Party; 1917–1920 – First Red Scare, marked by a widespread fear of Bolshevism and anarchism