an act of Congress (1890) prohibiting any contract, conspiracy, or combination of business interests in restraint of foreign or interstate trade.

Sherman Antitrust Act definition

A federal law passed in 1890 that committed the American government to opposing monopolies. The law prohibits contracts, combinations, or conspiracies “in the restraint of trade or commerce.” Under the authority of the Sherman Antitrust Act, the federal government initiated suits against the Standard Oil Company and the American Tobacco Company. (See trust busting.)


Read Also:

  • Sheroot

    noun 1. a cigar having open, untapered ends. noun 1. a cigar with both ends cut off squarely

  • Sherpa

    noun, plural Sherpas (especially collectively) Sherpa. 1. a member of a people of Tibetan stock living in the Nepalese Himalayas, who often serve as porters on mountain-climbing expeditions. 2. (sometimes lowercase) an expert chosen by a chief executive to assist in preparations for a summit meeting. noun 1. an official who makes preparations for or […]

  • Sherrill

    noun 1. a male or female given name, form of Shirley.

  • Sherrington

    noun 1. Sir Charles Scott, 1861–1952, English physiologist: Nobel Prize in medicine 1932. noun 1. Sir Charles Scott. 1857–1952, English physiologist, noted for his work on reflex action, published in The Integrative Action of the Nervous System (1906): shared the Nobel prize for physiology or medicine with Adrian (1932) Sherrington Sher·ring·ton (shěr’ĭng-tən), Sir Charles Scott. […]

Disclaimer: Sherman-antitrust-act definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.