Answer :
True
The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Anti-trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts.
The Sherman Antitrust Act was the first law passed by the United States Congress to prohibit trusts (or monopolies of any type). Although several states had previously passed similar legislation, they were only applicable to intrastate commerce.
Any person who "monopolizes, or attempts to monopolize, or combines or conspires with any other person or persons, to monopolize any part of the trade or commerce among the several States" is prohibited by the Sherman Act.
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