INDUSTRY: Anti-Trust Reform

No Federal law weighs more heavily or constantly on the mind of corporate business than the Act of July 2, 1890 which bluntly begins: 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. This law is known as the Sherman Anti-Trust Act because its chief sponsor was John Sherman, Ohio's Republican Senator (1861-77, 1881-97), younger brother of General William Tecumseh ("War is Hell") Sherman.

Each week brings its grist of Federal...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!