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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).
The first major antitrust law was the 1890 Sherman Act, which prohibited monopolies, as well as contracts, combinations, trusts, and behaviors that resulted in unreasonable restraint of trade.. However, the law was not specific on what constituted restraint of trade.resident Woodrow Wilson strengthened the U.S. antitrust regime in 1914 with the Clayton Antitrust Act and the creation of the Federal Trade Commission (FTC).