Definition of Sherman Act:
US federal legislation of 1890 that prohibited the creation of monopolies by outlawing direct or indirect attempts to interfere with the free and competitive nature of the production and distribution of goods. Amended by the Clayton act of 1914. Also called Sherman Antitrust act.
How to use Sherman Act in a sentence?
- The sherman act was something I did not know about, but I knew it had a lot to do with business and was important to learn about.
- You must understand the sherman act and what effect it can have on companies when they start to reach the top.
- The Sherman act helped to ensure optimal free market transactions and relationships between buyers and sellers so everyone is happy.
Meaning of Sherman Act & Sherman Act Definition