Sherman Antitrust Act

American  

noun

1. an act of Congress (1890) prohibiting any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade.

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Sherman Antitrust Act Cultural  

1. A federal law passed in 1890 that committed the American government to opposing monopolies. The law prohibits contracts, combinations, or conspiracies “in the restraint of trade or commerce.” Under the authority of the Sherman Antitrust Act, the federal government initiated suits against the Standard Oil Company and the American Tobacco Company. (See trust busting.)

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Etymology

Origin of Sherman Antitrust Act

Named after John Sherman, who introduced the bill in Congress

Example Sentences

After the Sherman Antitrust Act, purposeful monopoly became formally illegal but remained difficult to enforce.

From The Wall Street Journal

District Court for the Northern District of Georgia, Jackson alleged the NFL had violated the Sherman Antitrust Act for collusion and possibly violated the Civil Rights Act for race discrimination, as well as consumer protection laws for “misrepresenting the nature of the drafting process and the qualifications of players.”

From Los Angeles Times

District Court for the Northern District of Georgia, Buffaloes fan Eric Jackson alleged the NFL had violated the Sherman Antitrust Act for collusion and possibly violated the Civil Rights Act for race discrimination, as well as consumer protection laws for “misrepresenting the nature of the drafting process and the qualifications of players.”

From Los Angeles Times

The letter calls for the Justice Department to launch an industry-wide investigation into possible violations of the Sherman Antitrust Act.

From Seattle Times

Relevent sued claiming violation of the Sherman Antitrust Act and tortious interference.

From Seattle Times