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Title: A Monopoly
Words: 1640
A monopoly, by definition, is an organization which engages in unfair and often unethical business practices to dominate an industry and eliminate all competition which might inhibit their profits. In the latter stages of the 19th and the early stages of the 20th centuries, the United States passed several crucial acts, most notably the Sherman Antitrust Act and the Clayton Antitrust Act, which made it illegal to own a monopoly in the United States. Since the early part of this century, the government has only come into battle with a couple organizations on these grounds. The two most notable of these are AT&T and IBM. The Department of Justice won the case against AT&T and forced the company to split into the many so-called "Baby Bells" and "Ma Bell", or AT&T, the long-distance company. T ...
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