Pros And Cons Of The Sherman Anti Trust Act

The Sherman Anti-Trust Act had many organized competition that led to manipulation of prices. Big businesses were involved with this manipulation. The accusations were that small groups of people would take control over businesses to gain more power by monopolizing prices hence the Sherman Anti-Trust Act came into place. There also were many complications with this act which would cause many arguments about power and finances. There were many things that went wrong like small groups of people had more power than others through there big business, small businesses lost resources, and there was no room for other small businesses to grow.

Many people believed that the Sherman Anti-Trust Act helped out the smaller businesses. When large companies

This also causes involving price-fixing and market-division arrangements. It usually involves the private parties and the government which would also be the Department of Justice or the Federal Trade Commission. This is a firm has done something anti-competitive in order to stay ahead in the game or stay ahead in the monopoly. Monopolies without any anti-competitive behavior aren’t usually illegal. An example of these cases was in 1911 and the Supreme Court ruled abuse on John Rocketfeller's Standard Oil Co. because they had abused its monopoly power to keep other companies from going against it and it also divided into thirty-four separate companies. While in section two it was behind the reason why AT&T broke up and took effect in 1984 and had split the company into seven independent holding

The prevailing economic theory supporting the antitrust laws in the U.S. is that the public is best free from competition in trade. But, before the whole antitrust act came into play the world of trade was a mess with monopolies and trusts trying to take advantage of other business and small groups of people trying to have control over everything. But, when the act did come into play it helped so much in the trade union. It caused small business to have control over their own businesses and it helped control over who got to take over and who did take over. When this Act was in play many people were very mad especially the ones who organized control because it took their power away which was what the government intended to do. The government didn't want just a small group of individuals running everything. Centuries after the act was in motion large companies were gaining more control over the business world which was bad for the government. And when Trusts came in because they owned a large part of the US mining and factory systems they thought they could charge more for fewer