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The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit abusive monopolies, and in some ways it remains the most important.Trusts and Monopolies. A trust was an arrangement by which stockholders in several companies transferred their shares to a single set of trustees.he Sherman Antitrust Act was the first measure enacted by the U.S. Congress to prohibit trusts (or monopolies of any type).
Newspapers may receive an exemption from antitrust laws. Related Articles. In the United States, antitrust laws exist to prevent large businesses from becoming too powerful. Because companies that have a monopoly on a market have the power to change the market price for a certain good, they can block new, smaller businesses from entering the market.