Wednesday, March 2, 2011

Sherman Anti-Trust Act 1890 and Clayton Anti-Trust Act 1914


The Sherman Anti-Trust Act of 1890 forbade combinations in restraint of trade. The law was basically ineffective because of its poor composition and many loopholes big businesses could work through.

The Clayton Ant-Trust Act of 1914 strengthened the Sherman Act by adding to its list of practices that were unnecessary, such as price discrimination and interlocking directorates. The Clayton Act also added benefits to labor and laborers, and legalized peaceful strikes and movements.

No comments:

Post a Comment