The Clayton Anti-Trust Act of 1914 was a strengthening of the Sherman Anti-Trust Act. It allowed for the breakup of trusts rather than what the Sherman Anti-trust act was used for, which was the break up of unions.
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Clayton Antitrust Act
The Clayton Antitrust Act was intended to stop trusts from ever forming.apex=)
Clayton Antitrust Act, legislation passed by the United States Congress in 1914 to prohibit certain monopolistic practices that were then common in finance, industry, and trade (see Monopoly). Sponsored by the Alabama congressman Henry De Lamar Clayton, the Clayton Antitrust Act was adopted as an amendment to the Sherman Antitrust Act. Designed to deal with new monopolistic practices, the act contained three distinct types of provisions, covering corporate activities, remedies for reform, and labor disputes.
The Clayton Antitrust Act spelled out what businesses could and could not do.
The Clayton Anti-Trust Act of 1914
The Clayton Anti-Trust Act of 1914
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The Clayton Anti-Trust Act of 1914
Clayton Anti-Trust Act of 1914
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1- Sherman Antitrust Act 1890 2- Clayton Act 1914 3- Federal Trade Commission Act 1914
Sherman Antitrust Act Clayton Antitrust Act of 1914
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Clayton Antitrust Act
The Clayton Antitrust Act was passed in 1914 during Wilson's administration. This act was enacted in the US to add further substance to the US antitrust law regime by seeking to prevent anticompetitive practices in their incipiency. The Clayton act specified particular prohibited conduct, the three level enforcement scheme, the exemptions, and the remedial measures. The Clayton Act was enforced by the Federal Trade Commission, which was also created and empowered during the Wilson presidency. The Clayton Antitrust Act of 1914 reformed and emphasized certain concepts of the Sherman Antitrust Act (1890) which are still active today in a growing interconnected market and merging of the industries.
The Clayton Antitrust Act was enacted by the US Congress October 15, 1914. The final version of the law passed the US Senate on October 5, 1914 and later by the House of Representatives October 8.