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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.
The Antitrust Laws. Congress passed the first antitrust law, the Sherman Act, in 1890 as a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade.. In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act, which created the FTC, and the Clayton Act. With some revisions, these are the three core federal antitrust laws still in effect today.