We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Sherman Anti-Trust Act and Other Anti-Trust Laws - Essay Example


Extract of sample
Sherman Anti-Trust Act and Other Anti-Trust Laws

Even though, the intent reason behind Sherman Act formulation was to forbid the existence of monopolies, its failure began with the courts lack of uniformed definition of how monopolies could be attained through abused power. This is because, the formulation of the anti-trust law by congress was made in broad common law concepts as it lacked details that clearly defined monopoly and trust that would guide the court’s interpretation. However, it is unfortunate that President Teddy Roosevelt’s approach towards regulating big business and enforcing the antitrust laws is that he sided with the growth of trusts that lead to high price setting and increased monopoly power (Kolko 128). This is because he showed continued support for trust combination as he described it as the key to success in big business he further shows his support for the Morgan’s case that conflicted with the anti-trust laws. More significantly, the act failed to prevent illegal consolidation of industries because the earlier courts that made rulings based on the act limited the scope of the act as it made interpretations that created ambiguities of law (McCraw 68). Considerably, the failure of the Sherman Act that was focused on providing intent foundation of positive government action against business monopolies failed because there was no clear understanding of monopoly structures that were legal or illegal as per the court’s interpretation. As a result, the anti-trust law failed to curb the emergence of powerful trusts

Check these samples - they also fit your topic

Sherma- Anti- Trust Act (1890)
The Act was named after Senator John Sherman who proposed it in the congress. Sherman Antitrust Act was enacted amidst the response to the outcry and perception of the public that the economy of United States was dominated by trusts and that the industrial power of the nation was concentrated in too few hands (Koutsoudakis,pg.5).
4 pages (1000 words)Essay
The Depression of the 1930s
This caused panic to depositors withdrawing their life savings, causing a reduction of the money supply and slowed down investments making half of the nation’s banks failing. This lead to the government intervention through National Business Survey Conference (NBSC) with the strategy embodied in the plan for the National Recovery Act (NRA) for pulling business out of depression in 1933.
4 pages (1000 words)Essay
Antitrust Laws essay
These laws are designed to enhance fairly distributed competition between firms, while encouraging production and supply of quality products and services at affordable prices. In other words, the laws account for public welfare by ensuring that the public is not exploited.
3 pages (750 words)Essay
Anti Trust
This shifts the risks and liabilities of the patient on the shoulders of the service providers. The objective of the thesis is to research a recent case related to a health care organization in United States that has been charged with anti-trust action. On the basis of this case and lessons learnt from analysis, the report advises and recommends the senior management on how it could avoid threat of Federal Trade Commission (FTC) investigation if the company were to merge with other health care organizations.
3 pages (750 words)Essay
Anti-Discrimination Act
History relates how colored people are avoided like the plague. Women are treated as second-rate citizens. Religious and cultural practices are being laughed and shunned. Our journey towards economic stability and social awareness opened our consciousness that we need to interact with others in order to grow.
2 pages (500 words)Essay
Anti-terrorist Laws
A common law that no person can be termed as a criminal and can be allowed for restrictions on his rights unless he is convicted will be an obstacle in these circumstances. Human rights obligations also have to be discussed and some of them were sometimes ignored in making anti terrorist laws.
5 pages (1250 words)Essay
Anti-Piracy Laws
Corporate policies alone cannot, and do not, ensure employee compliance with anti-piracy laws and regulations (Kizza, 2002). Since, however, it is the company, not employees, who are held liable for copyright infringements, they often look for deterrence mechanisms which go beyond policies.
5 pages (1250 words)Essay
Anti-Trust Laws
In terms of public policy, the FTC has a broad regulatory mandate to reign in organizations judged to have engaged in activities that stifle industry competition, thus eliminating products or services from reaching the marketplace that are overpriced, substandard or lacking in the innovation that true competition would engender
3 pages (750 words)Essay
Anti trust claims
Bundling the two giants together is suspected to have been in charge for Microsofts victory in the browser wars as every Windows user had a copy of Internet Explorer. It was further alleged that this restricted
2 pages (500 words)Research Paper
Market Strategy and Anti-Trust Regulation
12). The forces of demand and supply presently control the diamond sales in the industry. The De Beers Company had a different market strategy before the year 1990 in comparison to the after years. It used a Market Segment Expansion Strategy before the year
1 pages (250 words)Essay
that created a high level of oligopolistic and monopolistic industry structures that posed high levels of threat to the U.S. business climate. This is because, although the trusts were formed were mainly in the form of mergers even though, the companies were shielding themselves from competition as a result, of increased industrialization (McCraw 65). Nonetheless, the outcome of enforcement of the anti-trust policy in the courts proved to be a failure as it failed to manage the transition in the American economy and society founded on big business. This is because, the big companies still domineered the industry leaving consumers, other manufacturers and suppliers with heavy financial costs as they set high prices in their target markets thus, threatening the existence of equal opportunity for all businesses in the US (McCraw 65). Nonetheless, the existence of the antitrust law is still relevant, as it requires enforcement of law against combinations that cause harm to the public as compared to those that were clearly structured. National Business Survey Conference (NBSC) and National Recovery Act (NRA) More considerably, the national recovery act was set to grant the striking workers who were suffering from slashed wages during the depression era the right to organize their own labor unions. The national recovery act faced opposition from business owners as they saw that the act protected over-regulation as recovery began to take hold after the depression era (Romasco 18). In addition, the initialization of the national industrial recovery act by President Hoover remained as a short-lived program, because as an initial strategy of government supervision of controlling business leaders and workers, it shortly resolved conflicts of wage rate and thereby increase productivity and efficiency. The securities stock exchange also sought to control trading of shares as rules and regulations that monitor stock exchanges were


Name Class Name Date Business History Sherman Anti-Trust Act and other anti-trust laws More considerably, the main function of the anti-trust law was to eliminate the illegal conduct among the dealers in the market as it intended to promote free and fair marketplace competition (Kolko 126)…
Sherman Anti-Trust Act and Other Anti-Trust Laws
Read TextPreview
Comments (0)
Click to create a comment
Let us find you another Essay on topic Sherman Anti-Trust Act and Other Anti-Trust Laws for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us