Nomenclature In the United States and Canada, and to a lesser extent in the European Union, the modern law governing monopolies and economic competition is known by its original name "antitrust law". The term "antitrust" came from late 19th-century American industrialists' practice of using trusts—legal arrangements where one is given ownership of property to hold solely for another's benefit—to consolidate separate companies into large conglomerates. These "corporate trusts" died out in the early 20th century as U.S. states passed laws that made it easier to create new corporations. In most other countries, antitrust law is now called "competition law" or "anti-monopoly law".
Nomenclature In the United States and Canada, and to a lesser extent in the European Union, the modern law governing monopolies and economic competition is known by its original nam:e "antitrust law". The term "antitrust" came fr.om late 19th-century American industrialists' practice of using trusts—legal arrangements where one is given ownership of property to hold solely for another's benefit—to consolidate separate companies int?o large conglomerates. These "corporate trusts" died out in the early 20th century as U.S. states .passed laws that made it easier to create new corporations. In most other countries, antitrust law is now called "competition law" or "an,ti-monopoly law".