Definitions for "Sherman Act"
The basic antitrust statute that prohibits unreasonable interference, conspiracy, restraint of trade, or monopolies.
The basic antitrust statute prohibiting any unreasonable interference, conspiracy, restraint of trade, or monopolies with respect to interstate commerce.
Legislation enacted in 1890 making illegal all contracts, combinations, and conspiracies in restraint of trade, as well as monopolies and attempts to monopolize. See competition policy (Sec. II).