Sherman Act Section 1 And 2

Sections 1 and 2 of the sherman antitrust act.

Sherman act section 1 and 2. These descriptions should be useful for investigative planning by u s. Attorneys special agents of the. 1 7 is a united states antitrust law that regulates competition among enterprises that was passed by congress under the presidency of benjamin harrison it is named for senator john sherman its principal author.

The sherman antitrust act one of the first major business regulatory attempts after the civil war is broken down into two main parts. 93 528 substituted a felony and on conviction thereof shall be punished. Trusts etc in restraint of trade illegal.

Every contract combination in the form of trust or otherwise or conspiracy in restraint of trade or commerce among the several states or with foreign nations is declared to be illegal. 101 588 substituted 10 000 000 for one million dollars and 350 000 for one hundred thousand dollars. The sherman antitrust act 1890 section 1.

The sherman act broadly prohibits 1 anticompetitive agreements and 2 unilateral conduct that monopolizes or. Part i describes the elements of the primary section 2 offenses monopolization and attempted monopolization. Of the sherman act.

Unlike section 1 of the sherman act or section 7 of the clayton act section 2 specifically targets single firm conduct by firms with monopoly power or a dangerous probability of attaining such power. Section 2 addresses the end results that are by their nature. An overview this chapter provides an overview of section 2 and its application to single firm conduct.

Section 1 defines and bans specific means of anticompetitive conduct. The sherman antitrust act of 1890 26 stat. 1 3 or alleging a violation of any similar state law based on conduct covered by a currently effective antitrust leniency agreement the amount of damages recovered by or on behalf of a claimant from an antitrust leniency applicant who satisfies the requirements of subsection.