January 21

In 1895, the Supreme Court handed down a judgement in the case of United States v. E.C. Knight that effectively neutered the Sherman Anti-Trust Act. Passed in 1890, the Sherman Act was designed to weed out oversized businesses that blocked the "natural" flow of competition. Though the act was invoked that same year to force the break-up of Standard Oil, it was generally regarded as a limp piece of legislation that did little to stem the rise of trusts.

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