Readings / Sherman Act of 1890 | Standards Michigan

Readings / Sherman Act of 1890

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Readings / Sherman Act of 1890

August 17, 2019
mike@standardsmichigan.com
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“The Bosses of the Senate” | Cartoon by Joseph Keppler depicting corporate interests—from steel, copper, oil, iron, sugar, tin, and coal to paper bags, envelopes, and salt—as giant money bags looming over the tiny senators at their desks in the Chamber of the United States Senate.

“…The antitrust laws proscribe unlawful mergers and business practices in general terms, leaving courts to decide which ones are illegal based on the facts of each case. Courts have applied the antitrust laws to changing markets, from a time of horse and buggies to the present digital age. Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up….”

 

Link to the original legislation:

 

 

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