Thursday, January 27, 2011

LAD #27: Clayton Antitrust Act

This act, put into effect in October of 1914 was a supplement to the Sherman Antitrust Act (1890). This Act was much more specific in the guidelines it set including: price discrimination, sales, mergers, and prohibited any one person from being the head of two or more companies. This act tried to promote competition between companies to ensure protection of the consumer and of the market. Also, the Clayton Antitrust act helped out unions by protecting them with different sections and clauses. This act is still used today and serves it purpose very well.

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