Praxis II Citizenship

Answer: C - The Sherman Antitrust Act has been used to thwart acts of competition inhibition committed by a range of corporations from Standard Oil to Microsoft. It was named for Ohio Senator John Sherman who proposed the legislation and was signed in to law in 1890 by President Benjamin Harrison. While it was wielded to great effect by Theodore Roosevelt, the “Trust Buster,” the law has not gone without criticism over the years. Former Chairman of Federal Reserve Alan Greenspan has written extensively about the Sherman Antitrust Act, saying that it is far too restrictive and has inhibited corporations from growing and innovating in ways that would have markedly improved the American way of life.