Panic_of_1910–11

Panic of 1910–1911

Panic of 1910–1911

Minor economic depression

The Panic of 1910–1911 was a minor economic depression that followed the enforcement of the Sherman Antitrust Act, which regulates the competition among enterprises, trying to avoid monopolies and, generally speaking, a failure of the market itself.[1] The short-term panic lasted approximately 1 year and led to a drop of the major U.S. stock market index by ~26%. It mostly affected the stock market and business traders who were smarting from the activities of trust busters, especially with the breakup of the Standard Oil Company and the American Tobacco company.[2]

Sen. John Sherman, the main proposer of the Sherman Act, or Antitrust Act.

See also

References

  1. [1]
    "The Antitrust Laws". Federal Trade Commission. 2013-06-11. Retrieved 2020-08-22.
  2. [2]
    Andrew Beattie. "A History of U.S. Monopolies". Investopedia. Retrieved 2020-08-22.
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