MLchartDataset catalogue

Sherman Antitrust Act

Term · Law · MLC-T-LAW-004533

A landmark federal statute enacted in 1890 that prohibits certain business practices deemed to be anti-competitive, aiming to prevent monopolies and promote economic competition. It outlaws agreements in restraint of trade, such as price-fixing and market allocation, and monopolization or attempts to monopolize. The Act provides for both civil and criminal penalties for violations and is enforced by the Department of Justice and the Federal Trade Commission.

Table 1. Record
IdentifierMLC-T-LAW-004533
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004533",
  "term": "Sherman Antitrust Act",
  "field": "Law",
  "definition": "A landmark federal statute enacted in 1890 that prohibits certain business practices deemed to be anti-competitive, aiming to prevent monopolies and promote economic competition. It outlaws agreements in restraint of trade, such as price-fixing and market allocation, and monopolization or attempts to monopolize. The Act provides for both civil and criminal penalties for violations and is enforced by the Department of Justice and the Federal Trade Commission.",
  "url": "https://mlchart.com/terminology/law/sherman-antitrust-act/"
}

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