Until 1890,trusts in which firms in an industry agreed to limit production and raise prices were legal in the United States.

Name: Until 1890,trusts in which firms in an industry agreed to limit production and raise prices were legal in the United States.
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Prior to 1890, there were no federal laws prohibiting trusts, and they were commonly used to limit competition and control prices. The Sherman Antitrust Act of 1890 made it illegal to form trusts that would restrain trade or monopolize industries.

Until 1890,trusts in Which Firms in an Industry Agreed to Limit