The Copyright Of The Sherman Antitrust Act - 1662 Words

Have you been unjustly accused, then punished? So have many companies. When dealing with trusts and monopolies, controversy is sure to arise. This discussion is a result of the benefits, and also the disadvantages of monopolies in our market. With these arguments going on, discussions of the Sherman Antitrust Act in many legal cases, have been whether or not this law is beneficial to our economy and population, or harmful. People have gathered on both sides of this debate looking for the truth behind the effect of the Sherman Antitrust act. To learn how the Sherman Antitrust Act works we must look back to when and why it was created. In the past, and even now, the Sherman Antitrust Act has been and is being misunderstood, but if†¦show more content†¦This Act gave them the power to hammer down on companies that seemed threatening to them, making it a success. Equally important, there were also disadvantages for many of the consumers. Some of these inconveniences including, fi xed prices, and poor quality. The public often does not respond well to these things making it a priority and a sign that things needed to change. The government isn’t always out to get people, in fact they often want to help, and by deciding on creating the Sherman Antitrust Act they indeed helped many a consumer get away from high and unfair prices. Besides, this economy, being of a competitive nature since our revolution, will not be left alone to be ruined by the many monopolies dominating it. The government often looks to protect this economy, resulting in the action to stop monopolies from ruling the market. Additionally, John Sherman, Secretary of Treasury under President Rutherford B. Hayes, Senator of Ohio, and principal author of the Sherman Antitrust Act, tells us of a reason of his own for this law being drawn up. The reason, as stated by Mr. Sherman, is to protect the country from the foul effects of the buildings of monopolies, rather than the final end result o f the monopolies. He even went as far as to say that the actions of companies after they become monopolies are even good for innovation (â€Å"John Sherman†). People even now are