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Many specific strategies are outlawed by anti-trust laws, including price fixing (agreement on prices of uniform goods or services), predatory pricing (setting a low price in order to knock off competitors), and vendor lock-in (virtually forcing a consumer to buy from a certain supplier).
Anti-trust laws have had a colorful history in the United States. The earliest anti-trust law was created primarily by Senator John Sherman in 1890. It was signed by President Benjamin Harrison and put into effect, and today is the root of all anti-trust legislation. The Sherman Anti-Trust Act was used extensively during the Progressive era by "trust busters" such as Theodore Roosevelt, William Howard Taft, and Woodrow Wilson...
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