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The Clayton Antitrust Act was the first successful anti-monopoly legislation. By successful, it did not prevent monopolies completely, but at least had the support to be enforced. It, along with the Sherman Antitrust Act, would serve as the models for future legislation relating to monopolies.
Sherman Antitrust Act. 1890, first measure passed by the U.S. Congress to prohibit trusts; it was named for Senator John Sherman Sherman, John,1823â1900, American statesman, b. Lancaster, Ohio; brother of William Tecumseh Sherman.he act was further employed by President Taft in 1911 against the Standard Oil trust and the American Tobacco Company. In the Wilson administration the Clayton Antitrust Act Clayton Antitrust Act,1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890.