ipl-logo

Purpose Of The Sherman Act

787 Words4 Pages

Week 7 Application In 1890 the Sherman Act was form it was a federal anti-monopoly and anti-trust statute that prohibited activities that restricted interstate commerce and competition in the marketplace. The purpose of the Sherman Act was to prevent larger companies from gaining control and forming trusts to in the competition. But, because the Sherman Act was used in reverse against the labor unions to dismantle the unions it was eventually abandoned (Johnson.2001). The evolution of the Sherman Act has provided a guide to the Courts to find the appropriate jurisdictional balance for its general Commerce Clause. The Commerce Clause legislation also provides a map for judicial understanding of reducing legal uncertainty raised by the statutory shock. This clause was passed in response from the masses about the fears that the larger companies were beyond power of …show more content…

Yes, the courts influenced the statues of the Clayton Act by addressing specific practices that the Sherman Act does not clearly prohibit, such as mergers and interlocking directorates (that is, the same person making business decisions for competing companies). Section 7 of the Clayton Act prohibits mergers and acquisitions where the effect "may be substantially to lessen competition, or to tend to create a monopoly." As amended by the Robinson-Patman Act of 1936, the Clayton Act also bans certain discriminatory prices, services, and allowances in dealings between merchants. The Clayton Act was amended again in 1976 by the Hart-Scott-Rodino Antitrust Improvements Act to require companies planning large mergers or acquisitions to notify the government of their plans in advance. The Clayton Act also authorizes private parties to sue for triple damages when they have been harmed by conduct that violates either the Sherman or Clayton Act and to obtain a court order prohibiting the anticompetitive practice in the future

Show More
Related
170 Words | 1 Pages

Justin Clement APUS DBQ Big businesses controlled the economy and politics throughout 1870-1900. They were in control of the prices for certain items because they destroyed their smaller competitors until there was no competition left. They had much sway over politics and took away the people’s say. As we can see from Document A, between 1870-1899, the price for food, fuel, lighting and living decreased with the emergence of big businesses.

Read More
943 Words | 4 Pages

The Sherman Antitrust Act was passed by Congress with an almost entire majority in order to illegalize the combinations and trusts that the large corporations had been forming. Document M depicts the big bosses of the trusts domineering over the common men beneath them, which represents the reason why the Antitrust Act needed to be installed in the first place. Even the president, Grover Cleveland, believed that the powerful combinations that had formed where overwhelming the

Read More
1118 Words | 5 Pages

In the early 1900s, corporations and monopolies were major concerns, especially the larger corporations and monopolies that dominated the market and were controlled by trusts.

Read More
893 Words | 4 Pages

Sherman’s March The Civil war was an event that shaped America. There were many important battles,events, and inventions that changed the course of the war. One of those important events was Sherman’s March. Sherman’s March changed the way the rest of the civil war was fought, by entering, “total war” (Carr).

Read More
451 Words | 2 Pages

Congress passed the Interstate Commerce act in 1887. In which there were a five people who were an enforcement to the board known as the Interstate Commerce Commission. The reason it was created because of the large response in public demand to regulate railroads. The original purpose of the Interstate Commerce Commission was to regulate railroads and then later regulate trucking. They regulated train rates, buses, and telephones.

Read More
939 Words | 4 Pages

Thesis : After the Civil War, America was in a post-war boom. During the 1870-1890, big business moguls, such as Rockefeller and Carnegie, create huge corporations which not only affected the economy, but also affected the political realm of America. While many may assume that during the rise of these big business helped to change the economy and politics,  the real focus was on the responses formed by society, such as labor unions, increase public outcry, and political opposition groups that helped to change society. A: Economically, big business flourished during the late 1800s.

Read More
1725 Words | 7 Pages

Entry 1: The Sherman Antitrust Act: The Sherman Antitrust Act was passed by Congress in 1890. The Sherman Antitrust Act was the first measure put in place to allow free trade without any restrictions, and prohibited trusts in order to end them. This act gave Congress the right to regulate interstate commerce. Any restriction on free trade was marked as illegal and could result in fines and jail time. The Sherman Antitrust Act was basically a shield to protect people from the restriction of big corporations; in addition, this act had an immediate, threatening impact on the dominate businesses in the economy.

Read More
1198 Words | 5 Pages

In a time before the United States was a country, and striving for independence, an infamous man, Roger Sherman, took a stand against Britain countless times with his fellow patriots to create a new and independent government. The government we know of today wouldn’t have been possible if Roger Sherman hadn’t taken a stand by signing all four original American documents, ratifying the Constitution, and coming up with the Great Compromise. At first, when he created these works, it caused for major differences in opinion and an upheaval in the world, but in the end, helped establish a government the world had never seen before. Throughout history, people see issues within their society and do nothing or act upon them.

Read More
1005 Words | 5 Pages

The Gilded Age is often recalled as one of the most significant periods in American history and for great reason. This era brought about rapid industrialization, introduced new technology and inventions, and the rise of corporations. As with most things, the Gilded Age also had its fair share of vices such as corruption in business and the blatant exploitation of laborers. As the frustration with these things began to build, politicians often distanced themselves from serious issues or flat our refused to properly address them. When politicians did attempt to address this issues, the measures taken were either insufficient or rescinded before anything could truly be effected.

Read More
677 Words | 3 Pages

Andrew Carnegie Once, there was a man to have the largest personal fortune in the world. He helped improve mankind by donating millions of his fortune to charity. This mastermind was named Andrew Carnegie, an industrial monopolizer who used steel to gain his massive fortune. Andrew Carnegie was born November 25, 1835 in Dunfermline, Scotland.

Read More
1625 Words | 7 Pages

Reconstruction, one of the most controversial eras in the history of the United States, focused on rebuilding and reuniting the United States after the Civil War; a war that decided the fate of slavery. One key part in doing so was to free the slaves and make their lives better. After rejecting the Reconstruction plan of President Andrew Johnson, the Republican Congress enacted laws and Constitutional Amendments that empowered the federal government to enforce the principle of equal rights. They also gave black Southerners the right to vote and hold office. However, groups such as the Ku Klux Klan and state laws in the South confronted Reconstruction.

Read More
137 Words | 1 Pages

I’m going to tell you all about the stamp act and what it did how people rioted because of it.. The Stamp Act was new tax imposed on all printed paper products. It was passed on March 22,1765 by the British parliament. “What was the whole purpose for the Stamp Act?” “The purpose for the Stamp Act was to collect money and pay the cost of defending and protecting the American frontier.

Read More
739 Words | 3 Pages

In the period between 1900 and 1920, the federal government and reformers were very successful in bringing social, economic, and political reform to the federal government. While not every aspect of it was successful, the rights of women, fighting against child labor and limiting the control of trusts and monopolies were three distinct successes of that time. Even before the progressive era, women challenged their place and articulated new visions of social, political and economic equality. The progressive era was a turning point for women as organizations evolved fighting for equal rights. Woman began to become very involved in a variety of reform movements.

Read More
760 Words | 4 Pages

Eventually, this method was deemed unlawful, and the Sherman Asti-Trust Act of 1890 was passed, forbidding any trusts and behind the scenes

Read More
924 Words | 4 Pages

This time called for the elimination of monopolies, and by doing so, competition increases and the power of the business elite decreases. With a rising middle class living in fear of the controlling and powerful business elite and political machines, the government needed to intervene. Therefore, in the late 1890’s the government passed the Sherman Antitrust Act which banned industrial monopolies that limited competition. The law sought to increase competition of the sale of items and goods, thereby helping the middle and lower classes earn money without fear of dominance of the wealthy elite and trusts. However, the act had little effect because the wording was so vague.

Read More

More about Purpose Of The Sherman Act

Related Topics

Open Document