Sherman Antitrust Act
E99530
The Sherman Antitrust Act is a landmark 1890 U.S. federal law that outlawed monopolistic business practices and formed the foundation of American antitrust policy.
All labels observed (11)
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
antitrust law ⓘ |
| alsoKnownAs |
Sherman Antitrust Act
ⓘ
surface form:
Sherman Act
|
| appliesTo |
foreign commerce with substantial effect on U.S. commerce
ⓘ
interstate commerce ⓘ |
| chamberOfOrigin | United States Senate ⓘ |
| constitutionalBasis |
Commerce Clause
ⓘ
surface form:
Commerce Clause of the United States Constitution
|
| containsSection |
Section 1
ⓘ
Section 2 ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| enactedInYear | 1890 ⓘ |
| enactedOnDate | 1890-07-02 ⓘ |
| enforcedBy |
United States Department of Justice
ⓘ
surface form:
United States Department of Justice Antitrust Division
private plaintiffs through civil actions ⓘ |
| formsFoundationOf | United States antitrust policy ⓘ |
| historicalSignificance | first major federal statute to limit cartels and monopolies in the United States ⓘ |
| interpretedBy | Supreme Court of the United States ⓘ |
| introducedIn | 51st United States Congress ⓘ |
| John ShermanOccupation | United States Senator ⓘ |
| John ShermanStateRepresented | Ohio ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| landmarkCase |
Northern Securities Co. v. United States
ⓘ
antitrust case Standard Oil Co. of New Jersey v. United States ⓘ
surface form:
Standard Oil Co. of New Jersey v. United States
United States v. American Tobacco Co. ⓘ United States v. E. C. Knight Co. ⓘ United States v. Microsoft Corp. ⓘ |
| laterComplementedBy |
Clayton Antitrust Act of 1914
ⓘ
surface form:
Clayton Antitrust Act
Federal Trade Commission Act of 1914 ⓘ
surface form:
Federal Trade Commission Act
|
| legalDomain | competition law ⓘ |
| namedAfter | John Sherman ⓘ |
| penaltiesInclude |
fines
ⓘ
imprisonment ⓘ |
| policyGoal | protection of competition rather than competitors ⓘ |
| providesFor |
civil remedies
ⓘ
criminal penalties ⓘ treble damages for private plaintiffs ⓘ |
| publicLawNumber | 26 Stat. 209 ⓘ |
| purpose |
to preserve competition in interstate commerce
ⓘ
to prohibit monopolies ⓘ to prohibit unreasonable restraints of trade ⓘ |
| Section1Prohibits |
combinations in restraint of trade
ⓘ
conspiracies in restraint of trade ⓘ contracts in restraint of trade ⓘ |
| Section2Prohibits |
attempted monopolization
ⓘ
conspiracies to monopolize ⓘ monopolization ⓘ |
| signedBy | Benjamin Harrison ⓘ |
| signedByOffice | President of the United States ⓘ |
| subjectMatter |
monopoly power
ⓘ
restraint of trade ⓘ |
Referenced by (36)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Sherman Antitrust Act (codified sections)
this entity surface form:
Sherman Antitrust Act enforcement
this entity surface form:
Sherman Act
this entity surface form:
Sherman Antitrust Act applies to interstate insurance business
United States v. South-Eastern Underwriters Association
→
statuteInterpreted
→
Sherman Antitrust Act
ⓘ
antitrust case Standard Oil Co. of New Jersey v. United States
→
appliedStatute
→
Sherman Antitrust Act
ⓘ
subject surface form:
Standard Oil Co. of New Jersey v. United States
antitrust case Standard Oil Co. of New Jersey v. United States
→
appliedStatute
→
Sherman Antitrust Act
ⓘ
subject surface form:
Standard Oil Co. of New Jersey v. United States
this entity surface form:
Sherman Act Section 1
antitrust case Standard Oil Co. of New Jersey v. United States
→
appliedStatute
→
Sherman Antitrust Act
ⓘ
subject surface form:
Standard Oil Co. of New Jersey v. United States
this entity surface form:
Sherman Act Section 2
this entity surface form:
Sherman Act §1
this entity surface form:
Sherman Act §2
this entity surface form:
Sherman Antitrust Act of 1890
this entity surface form:
Sherman Act Section 1 claims
this entity surface form:
Sherman Antitrust Act of 1890
this entity surface form:
Sherman Act
this entity surface form:
Sherman Antitrust Act of 1890
this entity surface form:
Sherman Antitrust Act of 1890
subject surface form:
John Sherman