What was a goal of the Sherman Antitrust Act of 1890?

to limit the power of big corporations More test answers on https://studyhippo.com/reforming-business-5205/

Which entity was the first prosecuted for alleged restraint-of-trade violations by the U.S. government using the Sherman Antitrust Act of 1890?

(B) Labor unions More test answers on https://studyhippo.com/ap-us-history-chapter-24-review-5364/

Which of the following acts, passed in response to public outrage over conditions described in Upton Sinclair’s The Jungle, was the first consumer protection legislation? a. Civil Rights Act of 1964 b. Sherman Antitrust Act of 1890 c. Magnuson-Moss Warranty Act of 1974 d. Consumer Product Safety Act of 1972 e. Pure Food and Drug Act of 1906

e. Pure Food and Drug Act of 1906 More test answers on https://studyhippo.com/chapter-4-ethics/

The Sherman Antitrust Act of 1890 explicitly states that unions are: A. Conspiracies B. Monopolies C. Illegal D. None of the above

none of the above More test answers on https://studyhippo.com/hrm340-ch-4-3866/

MetaRay, Inc., and Nucleo Corporation are the only suppliers in their market. They agree to coordinate their production so as to limit output and charge a higher price. Under the Sherman Antitrust Act of 1890, this is

a prohibited restraint of trade. More test answers on https://studyhippo.com/blaw-large-mat-4-prep/

Banners, Inc., has the power to control the market for its product. Crest Corporation and Delphic Shield Industries, Inc., agree to limit their competitiveness to increase their profits. The Sherman Antitrust Act of 1890 prohibits restraints on trade and commerce that originate from

business combinations and conspiracies, and certain monopolistic practices. More test answers on https://studyhippo.com/blaw-large-mat-4-prep/

The Sherman Antitrust Act of 1890 was passed to: A. Break up monopolies and trusts that had come to dominate entire industries toward the end of the 1800s. B. Break up increasingly powerful national unions that were forming toward the end of the 1800s. C. Discourage unions and management from placing too much trust in the promises they made to each other. D. Legalize yellow dog contracts.

Break up monopolies and trusts that had come to dominate entire industries toward the end of the 1800s. More test answers on https://studyhippo.com/hrm340-ch-4-3866/

What is the Sherman Antitrust Act of 1890?

The Sherman Antitrust Act (Sherman Act,[1] 26 Stat. 209, 15 U.S.C. §§ 1-7) is a landmark federal statute in the history of United States antitrust law (or “competition law”) passed by Congress in 1890. It prohibits certain business activities that federal government regulators deem to be anti-competitive, and requires the federal government to investigate and pursue trusts. It has since, more broadly, been used to oppose the combination of entities that could potentially harm competition, such as monopolies or cartels. According to its authors, it was not intended to impact market gains obtained by honest means, by benefiting the consumers more than the competitors. More test answers on https://studyhippo.com/business-law-chapter-31-3863/

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Sherman Antitrust Act Of 1890 Flashcards, test questions and answers

Q: The Sherman Antitrust Act of 1890

was used by the federal government against labor unions. More test answers on https://studyhippo.com/chapter-19-degraw-u-s-history/

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What is Sherman Antitrust Act Of 1890?

The Sherman Antitrust Act of 1890 was a landmark piece of legislation passed by the United States Congress to address monopolies and other anticompetitive practices. The act is named after Senator John Sherman, who introduced it in 1890. It is one of the earliest pieces of federal antitrust law, and remains an important part of modern competition law in the US today. The purpose of the Sherman Antitrust Act was to prevent large companies from gaining too much control over different markets or industries, which could potentially lead to unfair competition. Under this act, any activity that restrained interstate commerce, such as price-fixing or monopoly formation among businesses within a particular market sector, became illegal. This meant that companies could no longer form trusts or cartels in order to artificially inflate prices or limit production and sales in their industry’s marketplace. In addition, it prohibited any attempts at merging two competing firms into a single entity with greater power than either had initially held separately. As a result, smaller competitors were able to remain competitive and keep their prices low while larger enterprises were prevented from cornering entire markets for their own gain. Since its passage nearly 130 years ago, the Sherman Antitrust Act has been utilized by various government agencies including the Federal Trade Commission (FTC) to bring anti-competitive behavior under control throughout many parts of American business life. It has also served as precedent for additional federal regulations designed to protect consumers against corporate abuse; most notably being amended several times over the years so as better cover digital markets and technology services/products offered through newer means like online platforms/apps etc.. Today it represents an essential component within US antitrust laws ensuring fair competition across multiple economic sectors without leading corporations unfairly dominating them all together thereby protecting consumers nationwide from unchecked greed & excessiveness on behalfof those few powerful enough operate beyond conventional boundaries often established via outdated policy frameworks now made obsolete due advancements in both society & technology alike…

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