Monday, January 28, 2019

LAD/Blog #29: Clayton Anti-Trust Act

The Clayton Anti-Trust Act was passed in 1914 during Woodrow Wilson's presidency. The candidates in the previous election all agreed that the government, especially the Supreme Court, had been too lenient with the big businesses, so they believed the government needed to strengthen antitrust laws. The Clayton Anti-Trust Act of 1914 prohibited price discrimination, prohibited certain deal practices, expanded the power of private organizations to sue and obtain damages, allowed a labor exemption that permitted union organizing and prohibited anticompetitive mergers. The Sherman Anti Trust Act of 1890 was the first major legislation against the practices of big businesses. However, the Sherman Act, while it was expanded, was not as enforced. 
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Both Sherman and Clayton Anti Trust Acts regulated big business
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