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United States antitrust law. United States antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.
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).