LAD/Blog #29: Clayton Anti-Trust Act
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. The Federal Trade Commission and the Department of Justice are the two federal agencies that enforce antitrust laws.
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| Both the Clayton Anti Trust Act and the Sherman Anti Trust Act regulated big businesses. |
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