Antitrust

The first antitrust law was passed in 1890 by Congress called, the Sherman Act. It was a wide-ranging charter of economic liberty designed to preserve unrestricted competition within the rule of trade. Congress then passed two additional antitrust laws in 1914, called the Federal Trade Commission Act that formed the FTC, and the Clayton Act. These would be the three essential antitrust, federal laws that are still in effect today (The Antitrust Laws, 2013). Antitrust laws prohibit illegal mergers

Pros and Cons of Antitrust Legislation Congress passed an antitrust law in 1890 to help keep companies from using monopolizing business practices called the Sherman Act (“FTC,” n.d., para. 1). Two more antitrust laws were passed in 1914. The two laws were the Federal Trade Commission Act and the Clayton Act (“FTC,” n.d., para. 1). These laws were put in place to protect consumers and businesses alike. Each law that has been put in place to ensure fair trade; and each one has its own pros and cons

these arguments going on, discussions of the Sherman Antitrust Act in many legal cases, have been whether or not this law is beneficial to our economy and population, or harmful. People have gathered on both sides of this debate looking for the truth behind the effect of the Sherman Antitrust act. To learn how the Sherman Antitrust Act works we must look back to when and why it was created. In the past, and even now, the Sherman Antitrust Act has been and is being misunderstood, but if

had a clean sheet of paper to write upon” (First Inaugural Address, online). He did just that when he passed the Clayton Antitrust Act in October 1914. The Sherman Antitrust Act was passed in 1890, but it was very vague in the way it described monopolies (Clayton Antitrust Act, online). Big business took advantage of the loopholes, which diminished competition (Clayton Antitrust Act, online). Although Roosevelt and Taft successfully busted about 150 trusts, big businesses continued to grow and our

A. Collectively there are four major pieces of legislation that make us the Antitrust Laws: The Sherman Act of 1890, the Clayton Act of 1914, the Federal Trade Commission act of 1914 and the Celler- Kefauver Act of 1950. The purpose of these acts and laws is to regulate trade and commerce by preventing unlawful restrictions, price fixing and monopolies; their goal is to promote competition and to encourage the production of quality goods and services at reasonable prices while safeguarding the

The Microsoft Antitrust Case The Microsoft Antitrust Case In 1998 the Microsoft Corporation was at the center of an investigation by the U.S. Department of Justice (DOJ) which alleged the company of violating the Sherman Act. The Sherman Act is considered the foundation of federal antitrust litigation, and is used to “combat anticompetitive practices, reduce market domination by individual corporations, and preserve unfettered competition as the rule of trade” (www.law.cornell.edu). The DOJ

President Theodore Roosevelt enforced the Antitrust Laws which stopped many businesses from controlling the entire market. It allowed for more competition in the market. The U.S. constitution passed several laws to encourage competition by banning unjust ways of competition. The antitrust laws ban unlawful mergers and business practices in broad terms, leaving courts to choose which ones are illegal based on the details of each case. Courts have applied the antitrust laws to varying markets, from a time

anti-competitive mergers. Antitrust law is enacted by the federal and various state governments to (1) regulate trade and commerce by preventing unlawful restraints, price-fixing, and monopolies; (2) promote competition; and (3) encourage the production of quality goods and services with the primary goal of safeguarding public welfare by ensuring that consumer demands will be met by the manufacture and sale of goods at reasonable prices. Antitrust law seeks to make enterprises compete

Antitrust are a series of laws designed to protect competition in the marketplace. Antitrust laws prevent restraints of trade or commerce. Black’s Law Dictionary defines antitrust laws as “[t]he body of law designed to protect trade and commerce from restraints, monopolies, price-fixing, and price discrimination.” The main law regulating antitrust is the Sherman Antitrust Act, which makes it illegal for individuals or groups to restrain trade or commerce. Besides the Sherman Act, the other law

SHERMAN ANTITRUST ACT I claim that the Sherman Antitrust Act is a critical and necessary statute that gradually caused significant changes in business practices in order to ensure a competitive free market system essential for long term growth of the economy, although it faced criticisms for sacrificing economic efficiency. This fundamental statute continues to notably shape the economic landscape even today, albeit being more than 100 years old. The act contains three sections. The first section