Question

List the major antitrust acts of the United States. Explain why each act was created, whether it was effective or ineffective, and what each act did regarding fighting monopolies and creating fair competition.(4 points) make it a paragraph and make under 200 characters

Answer 1

Major antitrust acts include the Sherman Act (1890), targeting monopolies; the Clayton Act (1914), which addressed anti-competitive practices; and the Federal Trade Commission Act (1914), establishing the FTC for enforcement. Each aimed to promote competition and curb monopolies, with varying effectiveness. The Sherman Act laid the groundwork but was weak initially. The Clayton Act improved regulations, while the FTC Act empowered enforcement, collectively fostering fair competition.