Question

What do the Interstate Commerce Act and the Sherman Antitrust Act have in common?

Answer 1

The Interstate Commerce Act and the Sherman Antitrust Act are both laws designed to regulate business practices in the United States. The Interstate Commerce Act was passed in 1887 and was aimed at regulating the railroad industry, which was seen as monopolistic and unfair to small businesses and farmers. Similarly, the Sherman Antitrust Act was passed in 1890 to prevent the formation of monopolies in any industry, including railroads. Both acts sought to promote competition and prevent businesses from using their power to unfairly dominate the market.