The Sherman Anti-Trust Act of 1890 is the law that prohibits monopolies by breaking up corporations believed to restrain free trade and create monopolies. It aimed to ensure fair competition and protect consumers from concentrated market power.
Sherman Anti-Trust Act, passed in 1890, is the law that bans monopolies in the United States. It aimed to break up corporations that were seen as restricting free trade by creating monopolies or engaging in practices that artificially inflated prices.
One significant example of its application is the breakup of Standard Oil in 1911, where the U.S. Supreme Court ruled in favor of dismantling the company's monopoly power.
Overall, the Sherman Anti-Trust Act sought to promote fair competition and prevent the concentration of power in a few dominant firms, thus protecting consumers and fostering a more competitive marketplace.
https://brainly.com/question/38683204