Tuesday, March 1, 2011

Anti-Trust

Sherman Anti-Trust Act (1890)

Forbade comninations in restraint of trade, had many loopholes and was ineffective.

Stardard Oil Company was taken down with this act.


Clayton Anti-Trust Act (1914)

Brought overdue benefits on labor.

Sought to exempt labor and agricultural organizations from antitrust prosectuion, while legalizing strikes and peaceful picketing.

Lenghtened list of objectionable buisness practices from Sherman Act.
[ Under Wilson Amdin]

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