Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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Sherman Sherman Anti-Trust Act Anti-Trust Act of of 1890 1890 The end of the The end of the monopoly era monopoly era

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.

ShermanShermanAnti-Trust Act ofAnti-Trust Act of 18901890

The end of the The end of the monopoly eramonopoly era

Page 2: Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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

Page 3: Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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.

Page 4: Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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.

Page 5: Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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

Page 6: Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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

Page 7: Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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

Page 8: Sherman Anti-Trust Act of 1890 The end of the monopoly era.

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.