Sherman Act
/ˈʃɜːrmən ækt/
Definitions
- (n.) A U.S. federal antitrust statute enacted in 1890 prohibiting monopolistic business practices and restraints of trade.
The Sherman Act is crucial in maintaining competitive markets by outlawing monopolies.
Forms
- sherman act
- sherman acts
Related terms
See also
Commentary
The Sherman Act is foundational in U.S. antitrust enforcement, often invoked alongside the Clayton Act and Federal Trade Commission Act for comprehensive competitive regulation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.