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Approved in July 2.1890
Sherman Antitrust Act
The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices
The goal is to promote economic fairness and competitiveness and to regulate interstate commerce.
Antitrust laws (competition laws), are statutes developed by the U.S. government to protect consumers from predatory business practices.
Antitrust laws are important because it ensures that fair competition exists in an open-market economy
By virtue of the Sherman Antitrust Act of 1890, the US government can take legal action to break up a monopoly.
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