Large Trusts

Definition

Large trusts refer to powerful business organizations formed by combining multiple companies under one controlling entity. These trusts often dominated entire industries by eliminating competition through ownership or control over numerous firms.

Related terms

Monopoly: A situation where a single company or entity has exclusive control over the production or sale of a product or service.

Antitrust Laws: Legislation aimed at preventing monopolies and promoting fair competition by prohibiting certain business practices, such as price-fixing and collusion.

Sherman Antitrust Act: The first federal antitrust law in the United States, passed in 1890 to prevent monopolistic practices that restrict trade and competition.