• The Sherman Antitrust Act is a law passed by the US Congress to ban trusts, monopolies, and cartels.
  • Its purpose was to promote economic fairness and competitiveness, and to regulate interstate commerce.
  • Ohio Senator John Sherman proposed and accepted it in 1890.
  • The Act marked an important shift in American regulatory strategy for business and markets.
  • The Sherman Act was amended by the Clayton Antitrust Act of 1914 to address specific practices not prohibited by the Sherman Act.