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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).
Posted on. (Answer #1). The purpose of the Sherman Antitrust Act was to destroy monopolies that were using their power to harm society. In the late 1800s, the US economy had come to be dominated by huge companies that controlled the vast majority of certain markets.osted on. (Answer #1). The purpose of the Sherman Antitrust Act was to destroy monopolies that were using their power to harm society. In the late 1800s, the US economy had come to be dominated by huge companies that controlled the vast majority of certain markets.