Blog #10 - EOTO #2 Reaction

    I felt the Sherman Antitrust Act of 1890 was very fascinating. Growing up, Monopoly is a classic board game to bust out on family game night and work to outlive your family in a grueling and long game. As you grow up, you start to learn about actual monopolies in life, about companies that don't legally have a monopoly but it might feel like that. Learning in class that it was the Sherman Antitrust Act of 1890 that prevents these major corporations from running monopolies, creating a competitive atmosphere across all businesses and opening up a free market in America. 

    The reason it is important to prevent monopolies in business is because, eventually, a major corporation such as Disney would have the ability to overtake other markets and potentially monopolize a majority of businesses across America. This would cause consumer choice to fall immensely, forcing citizens to have very limited options into what businesses they purchase goods and services from. Monopolies also cause innovation, research, and development to decrease drastically. This is because without the incentive to create new products to compete with opponents in business, there will be no innovation seen.