Sherman Antitrust Act

Exploring the Primary Sources That Shaped America
Table of Contents
Sherman Antitrust Act
Overview
Context
About the Author
Explanation and Analysis of theDocument
Audience
Impact
Document Text

  You don't have access to this content. Please try to log in with your institution. Sign In

Abstract

The oldest of America’s antitrust laws, the Sherman Antitrust Act was signed into law on July 2, 1890, by President Benjamin Harrison. The Sherman Antitrust Act was the first action taken by the federal government to place limits on business monopolies and cartels and to prevent restraints on trade, such as price fixing. Violations of the act were treated as misdemeanors. The Sherman Antitrust Act, written by the Republican senator John Sherman of Ohio, vested government attorneys and courts with both the authority and the responsibility to seek out and investigate suspected violators of the terms specified in the act. The original intention of the Sherman Antitrust Act was to protect consumers from big businesses that were using unscrupulous means to raise prices artificially, such as intentionally producing too few goods to meet consumer demand and thereby driving up the products’ value and price.

Contents