The Sherman Antitrust Act is a federal law passed by the United States Congress in 1890. It is the first legislation enacted in the United States to combat monopoly practices and ensure fair competition in the marketplace. The Act prohibits certain business practices that restrict competition, such as price-fixing, bid-rigging, and monopolization. It also allows the government to investigate and take legal action against companies that engage in anticompetitive behavior. The Sherman Antitrust Act is seen as an important tool in promoting economic competition and protecting consumers from unfair business practices.
