Wednesday, April 8, 2020

Blog #29: Clayton Anti-Trust Act

LAD/Blog #29: Clayton Anti-Trust Act
The Clayton Anti-Trust Act was passed in 1914 under Woodrow Wilson. This was a turn away from the previous government policy towards big businesses of lassiez-faire or "pro-business". The Clayton Anti-Trust Act enumerated policies and areas of business that were prohibited.
1. Price Discrimination
2. Specific deal practices that were deemed inmoral or unjust
3. Monopolies / Company mergers

The Act also gave more power to private organizations to sue and obtain damages as well as placed an emphasis on the freedom and power of labor unions. This Act was much stronger in comparison to the Sherman Anti-Trust Act of 1890. The Sherman Anti-Trust Act could not be enforced by the government exemplified in the court case United States v E.C Knight. Thus the Clayton Anti-Trust Act was much stronger and had the greater impact. Another connection with this act is with the Department of Justice and the FTC as these two parts of government enforce antitrust laws.


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