Sherman+Antitrust+Act

The Sherman Antitrust Act was passed into law in 1890. Republican Senator John Sherman introduced the bill and the vote was pass unanimously 242-0 in the House of Representatives and 51-1 in the Senate. The Sherman Antitrust Act was signed into law by President Benjamin Harrison on July 2, 1890. The main purpose of the Sherman Antitrust Act was to eliminate monopolies. Some people say that the purpose of the act is to protect competition and competitive landscape. It took four years until the first case of the of the Sherman Antitrust Act had to be used. President Theodore Roosevelt and President William Howard Taft all used the Sherman Antitrust Act to divide companies that had become monopolies such as Northern Securities and American Tobacco Company.

Greenspan, Alan, Thomas DeLorenzo, and Edward W. Younkins. "Sherman Antitrust Act." //Wikipedia.org//. Wikipedia, 24 Feb. 2010. Web. 25 Feb. 2010. .

The purpose of the Sherman Antitrust Act was to pursue and stop the domination of smaller monopolies from big buisness tycoons. Major buisness leaders John Rockefeller and Andrew Carnegie of the Standard Oil Co. and the National Steel Co. were buying out every buisness that they came in to. The Act was named after Ohio senator John Sherman and then was signed into law by President Benjamin Harrison. This Act also shut down buisnesses if violating other buisnesses.

Matthew Wenzel