jul 2, 1890 - The Sherman Antitrust Act is passed July 2, 1890
Description:
-Law passed by Congress to promote competition within the economy by prohibiting companies from colluding or merging to form a monopoly-Language was very vague, therefore, it allowed the pro-business Supreme Court to interpret the law as it saw fit
-U.S. v. E.C. Knights Co., 1895
Added to timeline:
Date:
jul 2, 1890
Now
~ 135 years ago