The Panic of 1910–11 was a minor economic depression that followed the enforcement of the Sherman Antitrust Act, which regulates the competition among enterprises, trying to avoid monopolies and, generally speaking, a failure of the market itself.[1] The short-term panic lasted approximately 1 year and led to a drop of the major U.S. stock market index by ~26%. It mostly affected the stock market and business traders who were smarting from the activities of trust busters, especially with the breakup of the Standard Oil Company and the American Tobacco company.[2]
See also
edit- Van Schaick and Company, one of several investment firms that failed during this period.
- Great Depression
References
edit- ^ "The Antitrust Laws". Federal Trade Commission. 2013-06-11. Retrieved 2020-08-22.
- ^ Andrew Beattie. "A History of U.S. Monopolies". Investopedia. Retrieved 2020-08-22.
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