Timeline Wednesday 2 July 1890

Events on Wednesday 2 July 1890 1

• 1890 Sherman Antitrust Act signed First US federal law against monopolies President Benjamin Harrison signed the Sherman Antitrust Act, the first US federal law aimed at limiting monopolies and cartels. It became the foundation of American antitrust law, later used against Standard Oil and other large trusts. The act prohibited contracts, combinations, and conspiracies that restrained trade.