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The Antitrust Laws. Congress passed the first antitrust law, the Sherman Act, in 1890 as a "comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade." In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act, which created the FTC, and the Clayton Act.
The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law 's history. Although "trust" had a technical legal meaning, the word was commonly used to denote big business, especially a ...
Aug 27, 2021 · The federal government enforces three major antitrust laws (among a few minor ones such as the Robinson-Patman Act) that protect and maintain competition in order to provide consumers with lower prices and new, better products. The three major federal antitrust laws include: The Sherman Antitrust Act of 1890: This law was passed in response to ...
The inspiration and motivation for this act started in 1890, when the Sherman Antitrust Act was passed. There was a strong antitrust movement to prevent manufacturers from joining price-fixing cartels. [1] After Northern Securities Co. v. United States, a 1904 case that dismantled a J. P. Morgan company, antitrust enforcement became ...
THE EVOLUTION OF UNITED STATES ANTITRUST LAW: THE PAST, PRESENT, AND (POSSIBLE) FUTURE Albert A. Foer and Robert H. Lande1. October 20, 1999. As the world’s nations rapidly move from systems in which central planning and monopoly are replaced by free markets,2 it becomes increasingly valuable to consider.
- Albert A. Foer, Robert H. Lande
- 1999
The key pieces of antitrust legislation in the United States—the Sherman Antitrust Act of 1890 and the Clayton Act of 1914—contain broad language that has afforded the courts wide latitude in interpreting and enforcing the law. This article chronicles the judiciary’s shifting interpretations of antitrust law and policy over the past 125 ...
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The preservation of competition is an important part of public policy in the United States. The various antitrust laws were crafted in response to clear abuses by companies that sought to claim easier profits by avoiding competition through the exercise of monopoly power, price-fixing, or territorial agreements.
