Antitrust Laws And The Federal Branch Of The United States Government

1128 Words5 Pages
The role of antitrust laws has been the subject of numerous publications that have attempted to provide a precise set of reasons and inspirations for their creation. However, there are still many schools of thought on the subject and much debate over the effectiveness and legitimate implementation of these laws. This paper analyzes the three main antitrust laws that the federal branch of the United States government uses to try to restrict monopolies. This paper also looks at antitrust laws in the modern business environment, and attempts to relay the information in a manner that a newcomer to the subject will understand the concept as it relates to modern technology and business practices. The findings of this paper indicate that the topic of antitrust laws is more complex than many believe and, depending on the position of the person affected by monopolies, the sentiment ranges widely. Antitrust Laws The main purpose of antitrust laws is to promote competition in the markets by preventing monopolies. They also protect consumers and other businesses from unfair business practices and collusion among companies. The thought behind this is that consumers are hurt when monopolies exist because they have fewer choices, the price is likely to be higher, and the services being provided may not be very good. Turmoil in the national economy during the 1870’s and 1880’s necessitated the development of trust that would stabilize individual industries. This would later
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