In 1914 Congress passed the Clayton Anti-Trust Act due to the seeming failure of the Sherman Anti-Trust Act. It restricted the power of companies, and banned them from doing things like lowering there prices to destroy places that couldn't even compete. It also didn't allow for rebates, inter-corporate stock holdings, and of course exclusive contracts. The Act was far more successful and for many reasons. For one, unions were no longer allowed to get in the way of the economy, for example the restriction of trade. But the document also made many forms of peaceful protest very legal. The Act has played a big part in lawsuits against big businesses over the years.Saturday, February 2, 2013
LAD #27
LAD #27: The Clayton Anti-Trust Act
In 1914 Congress passed the Clayton Anti-Trust Act due to the seeming failure of the Sherman Anti-Trust Act. It restricted the power of companies, and banned them from doing things like lowering there prices to destroy places that couldn't even compete. It also didn't allow for rebates, inter-corporate stock holdings, and of course exclusive contracts. The Act was far more successful and for many reasons. For one, unions were no longer allowed to get in the way of the economy, for example the restriction of trade. But the document also made many forms of peaceful protest very legal. The Act has played a big part in lawsuits against big businesses over the years.
In 1914 Congress passed the Clayton Anti-Trust Act due to the seeming failure of the Sherman Anti-Trust Act. It restricted the power of companies, and banned them from doing things like lowering there prices to destroy places that couldn't even compete. It also didn't allow for rebates, inter-corporate stock holdings, and of course exclusive contracts. The Act was far more successful and for many reasons. For one, unions were no longer allowed to get in the way of the economy, for example the restriction of trade. But the document also made many forms of peaceful protest very legal. The Act has played a big part in lawsuits against big businesses over the years.
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