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Sherman Anti-Trust Act ? 1890 ? forbade combinations in restraint of trade, without any distinction between "good" and "bad" trusts. Ineffective, because it contained many loopholes for corporate lawyers. It curbed labor unions or labor combinations that were deemed to be restraining trade. Not until 1914 were Sherman Act give some power to regulate trusts...
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Not until 1914 were Sherman Act give some power to regulate trusts.
10. Strength of corporations over unions - Corporations used lawyers, local press, and pressured politicians to fight unions. Federal courts could be called upon to put injunction to stop strike. "Lockouts" ? lock doors against rebellious workers until they were starved into submission...
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Chapter 26 Terms
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