Why was the sherman antitrust act important?
The Sherman Antitrust act gave the government the power to control monopolistic corporations in the event that those corporations were using their position of power unfairly. The act made the government ‘top dog’ so to speak when it came to who had more power (a corporation or a government). Edit: I would like to point out that monopolies are not a bad thing, and competition is not always the best. Look at Microsoft for example. Now imagine if there were 3 major OS providers, each with their own office software, document formats, etc… In that scenario it’s highly possible that whole businesses and organizations would be unable to share documents and do work together on a computer. With Microsoft as the provider, everything becomes standardized under them. That’s not entirely a good thing either though, because Microsoft can stifle creativity and overlook features simply because it didn’t think of developing them, and has no incentive to research new things because of lack of competit
