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The Sherman Anti-Trust Act
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| The Sherman Anti-Trust Act was designed to combat the rise in industrial combinations, the most notorious being the Standard Oil Trust. The law declared that: "Every contract combination in the form of trust or otherwise in restraint of commerce among several states or foreign nations is hereby illegal." |
The Sherman Anti-Trust Act made it a misdemeanor punishable by a year in prison and a $5,000 fine to take part in a "contract combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among several states or with foreign governments."
The act was passed in response to
growing public outcry against the power
of monopolies. |
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