This act spelled out what business could do or could not do.
Further Explanation:
The Clayton Antitrust act of 1914 was known to be a part of the US antitrust law and this was enacted in the year 1914. The goal of this act was to be a watchdog to the US antitrust law regime and this act was implemented in order to prevent anti-competitive practices in the businesses. These anti-competitive practices started during the regime of the Sherman Antitrust act that was passed in the year 1890 and that was the first federal law that specifically outlined the practices which were considered as harmful to the customers. The Clayton act had a three-level enforcement scheme along with exemptions and methods of remedy.
The Clayton Act came out with substantive as well as procedural methods of the antitrust law. This act seeks to look into the practices of businesses with regard to their type of conduct and do what was best for the market. This action follows the fundamental points of price discrimination in the market, Sales, Mergers and Acquisitions.
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Answer Details:
Grade: High School
Chapter: Clayton Antitrust Act
Subject: History
Keywords:
Clayton Antitrust Act, Sherman Antitrust Act, United States, 1914, Price Discrimination, Mergers, Acquisition, Substantive, Measures, Business.
