Areas In Which Public Policy Is Most Effective, And In Which Others, The Least
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...Areas in which public policy is most effective, and in which others, the least. Public policy is most effective in terms of identifying those which unreasonably restrains trade as that provided for in Section 1 of the Sherman Act. As provided for in Section 1 of the said act, “Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal,” In interpreting the said provision being couched in broad terms, it was said that such a provision of law was held to be adaptable to change especially in the emergence of different types of commercial production...