LAD #27: Clayton Anti-Trust Act

The Clayton Antitrust Act was enacted in 1914 by Congress. It's purpose was to strengthen the Sherman Antitrust Act of 1890, which set out to regulate unfair monopolies. The previous act was left widely up to interpretation, which allowed many sneaky businessmen to find loopholes and get around the law. The Clayton Antitrust act helped manage monopolies and put many restrictions on big businesses. That way, no one corporation could take over the entire industry. This act ensured that businesses could not practice price discrimination. This meant they must give the same price for their products to all customers. Businesses could not discriminate from one customer to another. Next, the act says that no one can acquire all or part of the stock share of a business. Lastly, the act permits any individual or business to go to court for violation the Antitrust laws. This way, government could surely keep business and monopolies regulated.