Sherman Anti-trust Act

The Sherman Act is an anti-trust Act of the USA, passed in 1890. It was a move to prevent the creation of monopolies in the industries through use of contracts, conspiracies and other business practices that restricted trade. Its main purpose was to promote healthy competition in the US economy.  Recently, the UC FTC (Federal Trade Commission) filed an anti-trust lawsuit against Facebook under this Act. The social media giant is under the scanner for its acquisition of Instagram and Whatsapp.