TeachMeFinance.com - explain Sherman Anti-Trust Act
Sherman Anti-Trust Act The term 'Sherman Anti-Trust Act ' as it applies to the area of agriculture can be defined as ' The 1890 law is considered the foundation of federal anti-monopoly policy. Passed partly as an outgrowth of congressional investigations into alleged price collusion among large meat packers, the law generally prohibited restraint of trade and monopolistic practices in all industries, including agribusiness. The Capper-Volstead Act later exempted agricultural cooperatives from certain provisions of the Sherman Act and the subsequent Clayton Act'.
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