Sherman Antitrust Act
The Sherman Antitrust Act was first enacted in 1890 by the United States Congress. The act was named for U.S. Senator John Sherman because he was an expert on the regulation of commerce and he first proposed the act. The purpose of this law was to stop a business from having the sole power over one industry. This was the first time that legislature passed a law to forbid the consolidation of power in one …
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…Roosevelt in 1901-1909. In 1914, Congress passed two more legislative measures to help strengthen the Sherman Antitrust Act. One of the two was the Clayton Antitrust Act. The other measure created the Federal Trade Commission, which gave the government power to investigate violations of the antitrust legislation. One example of the antitrust legislation being used in the twentieth century was when the American Telephone & Telegraph Company, which is also known as AT&T, was broken up.
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