asked 29.9k views
3 votes
Why didn’t the US government declare monopolies to be illegal?

asked
User Safrazik
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1 Answer

3 votes

Answer:

In response to a large public outcry to check the price-fixing abuses of these monopolies, the Sherman Antitrust Act was passed in 1890. This act banned trusts and monopolistic combinations that lessened or otherwise hampered interstate and international trade.

answered
User ShankarG
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8.0k points
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