The Sherman Antitrust Act Essay Example | Topics and Well Written Essays - 750 words

The Sherman Antitrust Act - Essay Example This paper illustrates that the Sherman Anti-Trust Act of the year 1890 was put in place in 1890 for the main intention of promoting economic competitiveness. The Act was effective in that it introduced the possibility of control of large corporations that took advantage of their monopoly to overcharge the ordinary citizens. The Act ensured that big corporations could not take advantage of their trusts to rule the market and dictate prices between states. The Act also ensured that the raising of artificial prices was prevented since the market strategies that encourage it, the namely monopoly was capped by the introduction of the Act. Another effect of the Act was that it provided for a way to govern companies that operate between states as there were no prior regulations addressing them. Before those companies charged different prices through different states and exploited the consumers of these states differently. The Act was also effective in that it ensured that the Act’s provisions would be implemented through the authority given to government attorneys and courts. Â  This is by making them responsible for the seeking out and investigation of companies suspected to have violated terms that were specified in the Act. The Act that was put in place to protect the consumers had several strengths that made it an important legislation at a time when consumer rights needed attention. The act saved small businesses that were discriminated by the bigger corporations.