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The Sherman Antitrust Act (Sherman Act, [1] July 2, 1890, ch. 647, 26 Stat. 209, 15 U.S.C. § 1 – 7) was the first United States Federal statute to limit cartels and monopolies. - Sherman Antitrust Act — Infoplease.com
Encyclopedia Sherman Antitrust Act. Sherman Antitrust Act, 1890, first measure passed by the U.S. Congress to prohibit trusts; it was named for Senator John Sherman. - The Sherman Act
The Sherman Antitrust Act (1890) Section 1. Trusts, etc., in restraint of trade illegal; penalty. Every contract, combination in the form of trust or otherwise, or conspiracy, in ... See all search results in Windows Live® Search Results
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Sherman Antitrust Act
Encyclopedia Article
Sherman Antitrust Act, basic federal enactment regulating the operations of corporate trusts, passed by the U.S. Congress in July 1890, through the efforts of Senator John Sherman of Ohio. The act declared illegal “every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations.” Criminal penalties were provided for violators of the law, and aggrieved persons were entitled to recover three times the amount of losses suffered as a result of the violation. The Sherman Act has been amended and supplemented by several subsequent enactments. Most notable among these enactments was the Clayton Antitrust Act of 1914. See Monopoly; Trusts.
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