Friday, February 1, 2013

LAD #27:Clayton Anti-Trust Act

LAD #27:Clayton Anti-Trust Act
File:Henry De Lamar Clayton, Jr..jpg

The Clayton Anti-Trust Act of 1914 was a motion of the government against the corruption of big business in American industry. It was enacted to break up and destroy bad monopolies and trusts. One part of it was that it was now illegal to discriminate prices between products or services of similar value if it promoted monopoly and other big business corrupt tactics. It also prevented big businesses and companies that held a large portion of certain fields to drastically change their price with the intentions of driving out other businesses as to create a monopoly. It also made it so that companies could not buy controlling stock of a corporation or business, yet another action against big businesses.

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