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The Clayton Antitrust Act was the first successful anti-monopoly legislation. By successful, it did not prevent monopolies completely, but at least had the support to be enforced. It, along with the Sherman Antitrust Act, would serve as the models for future legislation relating to monopolies.
SHERMAN ANTITRUST ACT was passed by Congress and signed into law by President Benjamin Harrison on 2 July 1890. Introduced and vigorously promoted by Senator John Sherman (RâOhio), the law was designed to discourage trusts, broadly understood as large industrial combinations that curtail competition.