What is the Sherman Antitrust Act?

The Sherman Antitrust Act is a federal law in the United States that regulates and prohibits monopolies and other anticompetitive activities. Originally passed in 1890, the Act was the first major piece of legislation to regulate businesses in the country. The Sherman Antitrust Act founds its basis on the concept that the free market should be allowed to operate without interference from large corporations. In Oklahoma, the Sherman Antitrust Act makes it illegal for one or more businesses to make agreements to not compete with each other, or to limit the production of or division of goods and services. It also prohibits businesses from combining and forming large cartels that are able to drive prices up and limit the potential competition. The Sherman Antitrust Act is overseen and enforced by the Federal Trade Commission, which can investigate and challenge any companies it believes are violating the law. If found guilty of violating the law, businesses can face hefty fines and even the potential for criminal charges being brought against them. In Oklahoma, the Sherman Antitrust Act is an invaluable piece of legislation that helps to protect businesses and customers from unfair practices and ensure a fair marketplace. It is an important tool to help preserve competitive practices and prevent large corporations from having too much power.

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What is the Sherman Antitrust Act?

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