What is the clayton anti-trust act?

Answer 1

Clayton Antitrust act (1914):

designed to strengthen the Sherman Antitrust act of 1890 by declaring illegal certain corporate practices not included in the Sherman act

* The definiton of "unfair methods of competition" was expanded to include price discrimination, interlocking directories, purchase by on company of stock in competing corporations, and contracts limiting the right of purchasers to handle the products of competing companies * Officers of corporations were made liable for illegal acts of the corporation. * The use of injunctions in labor disputes was prohibited unless necessary to prevent damage of property. * Labor unions and agricultural associations were exempted from antitrust acts, and strikes, boycotts, and peaceful picketing were deemed legal processes

Answer 2

This was meant to add more specific regulations to the Sherman anti-trust law ('restraint of trade'). This law says specifically what companies cannot do.

They cannot:

-Lower costs to only some people

-Force another business to sell only one company's goods

-Buy another company if this makes a monopoly

-Stop labor unions from trying to get more wages and better working conditions from companies.

NOVANET - the act prevented unions from being treated as trusts

Answer 3

its not