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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.
In the United States, antitrust law is a collection of mostly federal laws that regulate the conduct and organization of businesses in order to promote competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914.
Congress passed the Sherman Act, the nation’s first antitrust law, in 1890. The Sherman Act made it illegal for companies to enter agreements not to compete (such as price fixing) or abuse monopoly power. Congress passed the Clayton Act in 1914. As the FTC explains:
Apr 23, 2023 · Explain how US antitrust laws are enforced and what kinds of criminal and civil penalties may apply. In this chapter, we take up the origins of the federal antitrust laws and the basic rules governing restraints of trade. Sherman Act, Section 1; Clayton Act, Section 3.
The structure of antitrust was now established, and it has changed very little since 1914. At different times the laws have been amended, generally to clarify certain
- Albert A. Foer, Robert H. Lande
- 1999
Mar 24, 2021 · There are three principal federal antitrust statutes: the Sherman Antitrust Act of 1890, the Federal Trade Commission Act of 1914, and the Clayton Antitrust Act of 1914. In addition to these federal statutes, most states have antitrust laws that are enforced by state attorneys general or private plaintiffs.
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.
