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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.
In the United States, antitrust law is a collection of mostly federal laws that govern the conduct and organization of businesses in order to promote economic competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914 ...
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.
Public Laws [2]; Date Subject Matter Title Chapter Legal Citation (link to full text)1: February 8, 1790: Laws of the United States, giving effect to, in North Carolina. An Act for giving effect to the several acts therein mentioned, in respect to the state of North Carolina, and for other purposes.
The Journal of Law and Economics. 39 (1): 1–48. doi:10.1086/467342. JSTOR 725768. Letwin, William (1965). Law and Economic Policy in America: The Evolution of the Sherman Antitrust Act. New York: Random House. May, James (1989). "Antitrust in the Formative Era: Political and Economic Theory in Constitutional and Antitrust Analysis, 1888–1918".
Antitrust Act can refer to: . The Sherman Antitrust Act, first United States federal government action to limit monopolies . Sherman Antitrust Act (federal preemption) The Clayton Antitrust Act, enacted to remedy deficiencies in antitrust law created under the Sherman Antitrust Act
Law Offices of Curtis V. Trinko, LLP, often shortened to Verizon v. Trinko , 540 U.S. 398 (2004), is a case decided by the Supreme Court of the United States in the field of Antitrust law. It held that the Telecommunications Act of 1996 had not modified the framework of the Sherman Act , preserving claims that satisfy established antitrust ...
In 1890, Congress passed the Sherman Antitrust Act, [5] which criminalised cartels that acted in restraint of trade. While the case law developed, which eventually began cracking down on the normal practices of businesses who cooperated or colluded with one another, corporations could not acquire stock in one another's businesses.