Alcoa Is Found in Violation of the Sherman Antitrust Act
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Economics, Crime, Law, Legal History, Courts
- Subcategories: Business, Trade, Commerce, Court Cases, Rulings, Appeals
- Curriculum: American History 1901-1950
- Geographical Location: New York City
- Date: March 12, 1945
Article abstract: Although the Aluminum Company of America had not committed predatory acts or engaged in anticompetitive practices, it was convicted of violating the Sherman Act on the basis of its large market share.
Summary of Event
The antitrust conviction in 1945 of the Aluminum Company of America (Alcoa) was a landmark in the development of antitrust law. Section 2 of the Sherman Antitrust Act of 1890 declared it illegal “to monopolize, or attempt to monopolize” any part of intertrade or commerce of the United States. The landmark convictions...
[The entire page is 2396 words long]