Clayton Anti-Trust Act (1914)
- constructed by President Wilson
- more detailed than the Sherman Antitrust Act
- prohibited: competitive price discrimination, exclusive dealing practice, and anti competitive mergers
- allowed: private parties to sure and union organizing
- all prices of goods of equal value and quality must be equal
- price fixing was a previous violation in the Sherman Act
- unlike the Clayton Act, the Sherman Act did not distinguish between price fixing with goods and price fixing with labor
- under the act, large mergers have to be reported to either the Department of Justice or the Federal Trade Commission
The Sherman Act and the Clayton Act were obviously very similar, as the common goal of both acts was to break up trusts by involving the government in business practices. Even though the Sherman Act had more of an impact and the Clayton Act was more specifically laid out, both acts were successful to a degree in regulating business as the government shifted from laissez-faire to more hands-on.
No comments:
Post a Comment