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Sherman Antitrust Act

1890 U.S. anti-monopoly law

The Sherman Antitrust Act (26 Stat. 209, 15 U.S.C. §§ 1–7) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce and consequently prohibits unfair monopolies. It was passed by Congress in 1890 and is named for Senator John Sherman, its principal author.

The Sherman Act broadly prohibits 1) anticompetitive agreements and 2) unilateral conduct that monopolizes or attempts to monopolize the relevant market.

From Wikipedia (CC BY-SA). Not a dictionary word, so it lives in Other Names.