Sherman Antitrust Act

Sherman Antitrust Act
n.
A federal statute passed in 1890 to prevent monopolies and restrictions on free and open interstate and foreign commerce; see also antitrust, Clayton Act

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


Sherman Antitrust Act
A federal antitrust law, enacted in 1890, that prohibits direct or indirect interference with interstate trade. This Act was amended by the Clayton Act in 1914.
Category: Business, LLCs & Corporations
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

Sherman Antitrust Act
Sherman Antitrust Act (Sherman Act)
USA
The federal statute prohibiting contracts, combinations or conspiracies that restrain interstate or foreign trade. The Sherman Act also prohibits a person from monopolizing or attempting to monopolize any part of interstate commerce by anticompetitive means. It does not prohibit natural monopolies or monopolies created through effective competition.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


Sherman Antitrust Act
n. The definitive antitrust statute, passed by Congress in 1890, that prohibits monopolies or unreasonable combinations of companies to restrict or in any way control interstate commerce. Specifically outlawed is two or more persons engaging in monopolistic practices, such as price fixing, although it does not outlaw price-fixing per se. It was amended in 1914 by the Clayton Act, which outlaws interlocking directorates and deals with acquisitions that aim to restrain or eliminate competition.

Webster's New World Law Dictionary. . 2000.

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Look at other dictionaries:

  • Sherman Antitrust Act — Sen. John Sherman (R OH), the principal author of the Sherman Antitrust Act …   Wikipedia

  • Sherman Antitrust Act — Pour les articles homonymes, voir Antitrust. Le Sherman Anti Trust Act du 2 juillet 1890 est la première tentative du gouvernement américain de limiter les comportements anticoncurrentiels des entreprises : il signe ainsi la… …   Wikipédia en Français

  • Sherman Antitrust Act — Der Sherman Antitrust Act von 1890 war die erste Rechtsquelle für das US amerikanische Wettbewerbsrecht. Es sollte angesichts der Entstehung marktbeherrschender Trusts, Kartelle und Monopole deren große Marktmacht einschränken. Nach der… …   Deutsch Wikipedia

  • Sherman Antitrust Act — Landmark *antitrust legislation of 1890. The Sherman Antitrust Act made monopoly and the restraint of trade illegal in the United States …   Auditor's dictionary

  • Sherman Antitrust Act — Anti monopoly U.S. legislation which attempted to increase economic competitiveness. The Sherman Antitrust Act of 1890 made it illegal for companies to seek a monopoly on a product or service, or form cartels. The first major corporations to… …   Investment dictionary

  • Sherman Antitrust Act — an act of Congress (1890) prohibiting any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade. Cf. Clayton Antitrust Act. [named after John SHERMAN, who introduced the bill in Congress] * * *… …   Universalium

  • Sherman Antitrust Act — an act of Congress (1890) prohibiting any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade. Cf. Clayton Antitrust Act. [named after John SHERMAN, who introduced the bill in Congress] …   Useful english dictionary

  • Sherman Antitrust Act — act created by the United States Congress in 1890 for the purpose of limiting any power that would restrain trade (such as monopolies and trade unions) …   English contemporary dictionary

  • Sherman Antitrust Act — Such Act (15 U.S.C.A. No.No. 1 7) prohibits any unreasonable interference, by contract, or combination, or conspiracy, with the ordinary, usual and freely competitive pricing or distribution system of the open market in interstate trade. See also …   Black's law dictionary

  • Antitrust Act — Created page with Antitrust Act can refer to: *The Sherman Antitrust Act, first United States federal government action to limit monopolies.Antitrust Act can refer to: *The Sherman Antitrust Act, first United States federal government action to… …   Wikipedia

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