1890
Definition
The year 1890 refers to the time period in American history when the Sherman Anti-Trust Act was enacted, which aimed to prevent monopolies and promote fair competition in business.
Related terms
Monopoly: A situation where one company or group dominates an entire industry, controlling prices and eliminating competition.
Fair Competition: A state of economic rivalry among businesses that is conducted according to established laws and regulations.
Antitrust Laws: Laws designed to promote fair competition by preventing monopolies, price-fixing, and other anti-competitive practices.
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Practice Questions (2)
What did pro-imperialists argue was the significance of the US finishing with westward expansion by 1890?
If the Sherman Anti-Trust Act was not enacted in 1890, how might it affect today's American corporations?
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About Us
About Fiveable
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.