Saturday, February 2, 2013

LAD #27 Clayton Anti-Trust Act

The Clayton Anti-Trust act was passed in 1914 in order to eliminate corruption in businesses. This act stopped businessmen from charging unfair prices to different customers. This set a non-changeable price for a product no matter who was buying the product. This act was not supposed to stop normal businesses or stop prices from fluctuating. If this was to happen, the government had the right to intervene in order to stop the discrimination. This act was put in place as a back up to the Sherman Anti-Trust act, and was a more descriptive in that it stopped discrimination in business. Also this act pushed for competition in business, in order to keep a fair market for customers.  The main goal of this act was to prohibit big businesses from making monopolies and creating corruption throughout America.

No comments:

Post a Comment