Sherman Anti-Trust Act of 1890 The end of the monopoly era.
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Transcript of Sherman Anti-Trust Act of 1890 The end of the monopoly era.
![Page 1: Sherman Anti-Trust Act of 1890 The end of the monopoly era.](https://reader036.fdocuments.in/reader036/viewer/2022082405/5697bf921a28abf838c8f3cc/html5/thumbnails/1.jpg)
ShermanShermanAnti-Trust Act ofAnti-Trust Act of 18901890
The end of the The end of the monopoly eramonopoly era
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Sherman Anti-Trust Act of Sherman Anti-Trust Act of 18901890
Created due to the Created due to the rise in monopolistic rise in monopolistic companies (Standard companies (Standard Oil, Northern Oil, Northern Securities CompanySecurities Company))
These companies had These companies had powerful control over powerful control over American economyAmerican economy
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Sherman Anti-Trust Act of Sherman Anti-Trust Act of 18901890
Bought companies instead of contracting Bought companies instead of contracting with them.with them.
This would allow for more control over This would allow for more control over distribution & manufacturing costs.distribution & manufacturing costs.
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Sherman Anti-Trust Act of Sherman Anti-Trust Act of 18901890
First use of Act in 1890 by Attorney First use of Act in 1890 by Attorney General Richard Olney.General Richard Olney.
Against the American Railway Union Against the American Railway Union during the Pullman Palace Car Union.during the Pullman Palace Car Union.
Used as a strike-breaker, not the Used as a strike-breaker, not the intended plan.intended plan.
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Sherman Anti-Trust Act of Sherman Anti-Trust Act of 18901890
Act is based on Article 1, Act is based on Article 1, Section 8 of the U.S. Section 8 of the U.S. Constitution.Constitution.
In 1904, President In 1904, President Theodore Roosevelt used Theodore Roosevelt used the Anti-Trust Act the Anti-Trust Act successfully.successfully. Click on picture
for Roosevelt bio
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Sherman Anti-Trust Act of Sherman Anti-Trust Act of 18901890
The Supreme Court ruled 5-4 against The Supreme Court ruled 5-4 against Northern Securities.Northern Securities.
Following the win, Roosevelt sued Following the win, Roosevelt sued the beef industry, Du Pont Chemicals the beef industry, Du Pont Chemicals & the American Tobacco Company.& the American Tobacco Company.
Click to link to Supreme Court
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Sherman Anti-Trust Act of Sherman Anti-Trust Act of 18901890
Famous cases of the Famous cases of the Sherman Anti-Trust Act:Sherman Anti-Trust Act:
Break-up of American Telephone and Break-up of American Telephone and TelegraphTelegraph
Major League Baseball lockout of 1980Major League Baseball lockout of 1980
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Sherman Anti-Trust Act of Sherman Anti-Trust Act of 18901890
MICROSOFT LAWSUIT OF 1997MICROSOFT LAWSUIT OF 1997
Windows 95 ran only on Microsoft’s Windows 95 ran only on Microsoft’s internet browser.internet browser.
This eliminated competition by This eliminated competition by denying the competition.denying the competition.