Sherman Anti-Trust Act Semaj done

by arthurblock3
Last updated 8 years ago

Social Studies

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Sherman Anti-Trust Act Semaj done

Shermans Anti-Trust Act

The Gilded Age and Progressive Reform

John Sherman

The Gilded Age

Progressive Era

It prohibits the attempt to monopolize, or monopolies, the purpose being to prevent abusive practices

when the market learned how the trusts involved responded to these decisions--typically by reorganizing into combinations that were not legally assailable--stock prices recovered to their pre-dissolution levels. This pattern of depression and recovery suggests that investors believed that court enforcement of the Sherman Act would not reduce the long run profitability of the trust

Many significant regulatory changes occduring the Gilded Age and the Progressive Era (the GAPE). The federal government passed the Sherman Antitrust Act, the Interstate Commerce Act, and the Food and Drug Act. State governments created state commissions to regulate utilities, and laws regulating work conditions.

When the market first learned that these trusts were dissolved by the courts, the stock prices of the underlying firms plummeted.

Section one of the Sherman Act prohibits concerted action, which requires more than a unilateral act by a person or business alone. The Supreme Court has stated that an organization may deal or refuse to deal with whomever it wants, as long as that organization is acting independently

The Sherman Antitrust Act (Sherman Act, July 2, 1890 business activities that reduce competition in the marketplace, and requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of being in violation. It was the first Federal statute to limit cartels and monopolies,

The Gilded Age and Progressive Reform



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