Search results
Results from the WOW.Com Content Network
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.
The Sherman Antitrust Act of 1890 [1] (26 Stat. 209, 15 U.S.C. §§ 1–7) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce and consequently prohibits unfair monopolies. It was passed by Congress and is named for Senator John Sherman, its principal author.
The rise of the Progressive Era prompted public officials to increase enforcement of antitrust laws. The Justice Department sued 45 companies under the Sherman Act during the presidency of Theodore Roosevelt (1901–09) and 90 companies during the presidency of William Howard Taft (1909–13).
The Progressive Era (1890s–1920s) [1] [2] was a period in the United States characterized by multiple social and political reform efforts. [ 3 ] [ 4 ] Reformers during this era, known as Progressives , sought to address issues they associated with rapid industrialization , urbanization , immigration , and political corruption , as well as the ...
Sherman Antitrust Act Northern Securities Co. v. United States , 193 U.S. 197 (1904), was a case heard by the U.S. Supreme Court in 1903. The Court ruled 5-4 against the stockholders of the Great Northern and Northern Pacific railroad companies, which had essentially formed a monopoly and to dissolve the Northern Securities Company .
Having passed major legislation lowering the tariff and reforming the banking structure, Wilson next sought antitrust legislation to enhance the Sherman Antitrust Act of 1890. [136] The Sherman Antitrust Act barred any "contract, combination ... or conspiracy, in restraint of trade", but had proved ineffective in preventing the rise of large ...
The US Justice Department along with 16 states on Thursday filed an 88-page antitrust lawsuit against Apple for violating antitrust laws. Apple allegedly violated the Sherman Antitrust Act by ...
The company was sued in 1902 under the Sherman Antitrust Act of 1890 by the Justice Department under President Theodore Roosevelt, one of the first antitrust cases filed against corporate interests instead of labor. The government won its case, and the company was dissolved, so that the three railroads again operated independently.