SHERMAN ANTITRUST ACT

Sherman Antitrust Act. A federal statute, passed in 1890, that prohibits direct or indirect interference with the freely competitive interstate production and distribution of goods. • This Act was amended by the Clayton Act in 1914. 15 USCA §§ 1–7. — Often shortened to Sherman Act. — Also termed the Antitrust Law. [Cases: Monopolies 10. […]