Congress passed the first antitrust law the sherman act in 1890 as a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade in 1914 congress passed two additional antitrust laws the federal trade commission act which created the ftc and the clayton act. The sherman act enacted in 1890 is the main federal antitrust law the sherman act outlaws all contracts combinations and conspiracies that unreasonably restrain trade including monopolization of any market. The ftcs competition mission is to enforce the rules of the competitive marketplace the antitrust laws these laws promote vigorous competition and protect consumers from anticompetitive mergers and business practices. Federal antitrust laws provide for both civil and criminal enforcement of antitrust laws the federal trade commission the antitrust division of the us department of justice and private parties who are sufficiently affected may all bring civil actions in the courts to enforce the antitrust laws
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