Wednesday, January 20, 2016

LAD #27: Clayton Anti-Trust Act


Congress passed the Clayton ANti-Trust Act in 1914. This was passed as a response to the failed Sherman Anti-Trust Act that was actually used against unions. The new Anti-Trust Act prevented companies from making exclusive contrast, rebates, inter corporate stock holdings, and price cutting. In reality, it was basically the same thing as the Sherman Anti-Trust Act except that workers and unions were no longer included in the "restricting trade" part by striking. The act became very influential because unions were able to form freely and carry out reform plans. The Act protected worker's rights to strike and was more successful than the Sherman Anti-Trust Act.



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