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.