The Sherman Antitrust Act of 1890 was passed by Congress that prohibited trusts. This Antitrust Act "authorized the federal government to institute proceedings against trusts in order to dissolve them." This act's goal was to promote fairness in the economy while regulating interstate commerce. Ever since this act came into play, it has prohibited combinations that restrain trade between states or foreign nations. In 1920, the Supreme Court creates the Rule of Reason which says that not every contract restraining trade is unlawful. All of these things still come into play today with the internet. The U.S Department of Justice "filed an antitrust lawsuit against Google, alleging that the online giant engaged in anti-competitive conduct to preserve monopolies in search and search advertising."If this would have happened, many small companies would not stand a chance against this competitor. The promotion of economic fairness is strongly advised in the Sherman Antitrust Act. Hypothetically, if Apple started raising their prices on their products and creating a monopoly for them, other competing companies would not be able to compete against Apple. This act has helped all the smaller competitors overcome and achieve their ecumenic goals. However, this at was not very successful because of narrow judicial interpretations of what constitutes trade among states. Overall, monopolies have ben outlawed. This is fantastic for Americans who can't compete with larger companies. Without this act today, the larger companies would have monopolies that no one could take charge of any of the trade that would go on between states.
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