Question

What is the purpose of the sherman antitrust act

Answer 1

The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts.

Answer 2

The Sherman Anti-Trust Act outlawed monopolistic business practices.

The Sherman Anti-Trust Act was the first measure by Congress to prohibit trusts. It was passed by Congress in 1890. A trust was when stockholders in multiple companies transferred their stock shares to a single group of trustees. Thus a whole industry area could be dominated by a single "trust" organization, destroying the free market of business competition. . This was a monopolistic practice which the Sherman Anti-Trust Act ended.