What is the primary aim of the Sherman Anti-trust Act Section 1?

The primary aim of Section 1 of the Sherman Antitrust Act is to protect competition in the market. This law was enacted in 1890 and serves as a key foundational statute in United States antitrust law. Its purpose is to prohibit agreements and conspiracies that restrain trade among states or with foreign nations. By targeting practices that limit competition, such as collusion and price-fixing among businesses, the Sherman Act promotes a competitive marketplace where consumers benefit from fair prices, improved quality, and innovation.

Protection of competition ensures that no single entity can dominate the market to the detriment of both consumers and other businesses, thereby fostering an environment conducive to economic growth. The Act plays a crucial role in maintaining market structures where various companies can compete effectively, thereby keeping the economy dynamic and fair. This is vital not only for consumers but also for new and smaller companies that seek to enter the market without being overshadowed by monopolistic practices.