Financial Glossary what is antitrust-laws


Antitrust Laws

US legislation to prevent monopolies and restraint of trade. Trusts and monopolies are concentrations of wealth in the hands of a few and such conglomerations of economic resources are thought to be injurious to the public and individuals because they reduce normal marketplace competition. To prevent trusts from creating restraints on trade or commerce and reducing competition, Congress passed the law in 1890, which was designed to maintain economic liberty, and to eliminate restraints on trade and competition.
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