Senator John Sherman

Sherman Antitrust Act Passed but Designed for Non-Enforcement Against Monopolies

| Importance: 10/10

On July 2, 1890, President Benjamin Harrison signed the Sherman Antitrust Act into law after it passed the Senate 51-1 (April 8) and the House 242-0 (June 20), creating America’s first federal anti-monopoly legislation—but the law was deliberately vague, weakly worded, and systematically …

Senator John Sherman President Benjamin Harrison U.S. Congress antitrust regulatory-failure political-theater gilded-age corporate-power
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