What was the year of the enactment of the Sherman Antitrust Act?

What was the year of the enactment of the Sherman Antitrust Act?

• A. 1880
• B. 1890
• C. 1900
• D. 1910

Answer: (B)

The Sherman Antitrust Act was enacted in 1890, making it a foundational statute in U.S. antitrust law. This piece of legislation aimed to prevent monopolies and promote competition by prohibiting business practices that restrained trade or commerce. The Act reflects the government's intention to protect consumers and ensure a fair market by limiting the power of large corporations. The passing of this law marked a significant step in regulating corporate behavior in the American economy, especially during a time when industrialization was rapidly changing the marketplace. Understanding this act is crucial as it paved the way for subsequent antitrust laws and enforcement mechanisms aimed at sustaining a competitive economy.

The Sherman Antitrust Act was enacted in 1890, making it a foundational statute in U.S. antitrust law. This piece of legislation aimed to prevent monopolies and promote competition by prohibiting business practices that restrained trade or commerce. The Act reflects the government's intention to protect consumers and ensure a fair market by limiting the power of large corporations. The passing of this law marked a significant step in regulating corporate behavior in the American economy, especially during a time when industrialization was rapidly changing the marketplace. Understanding this act is crucial as it paved the way for subsequent antitrust laws and enforcement mechanisms aimed at sustaining a competitive economy.