The Sherman Antitrust Act Of 1890

418 Words2 Pages
Laissez fair mean that Government should stay out of businesses. So that caused lot of problem like over taxing and hijacking all the prices of the products. However,The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit abusive monopolies, and in some ways it remains the most important, it was also the first Federal act that outlawed monopolistic business practices. The Sherman Anti-Trust Act passed on April 8, 1890. this law was created to avoid monopolistic business.President Benjamin Harrison signed the bill into law on July 2, 1890. It was named for Senator John Sherman of Ohio. This law was created for those business owner take over all,for example standard Oil company trust took over the oil
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