For example, while the Sherman Antitrust Act made monopolies illegal, the Clayton Antitrust Act banned operations intended to lead to the formation of monopolies .
What was the purpose of the Clayton Antitrust Act quizlet?
The Clayton Antitrust Act is an amendment passed by U.S. Congress in 1914 that provides further clarification and substance to the Sherman Antitrust Act of 1890 on topics such as price discrimination, price fixing and unfair business practices. You just studied 8 terms!
What was the purpose of the Clayton Antitrust Act and Sherman Antitrust Act answer choices?
Congress passed the first antitrust law, the Sherman Act, in 1890 as a “comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade .” In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act, which created the FTC, and the Clayton ...
What did the Sherman Antitrust Act and the Clayton Antitrust Act have in common?
Whereas the Sherman Act only declared monopoly illegal, the Clayton Act defined as illegal certain business practices that are conducive to the formation of monopolies or that result from them .
How did the Clayton Antitrust Act help regulate the economy?
The Clayton Antitrust Act helped regulate the economy by prohibiting business monopolies .
What happens if you violate the Clayton Act?
Since the Clayton Act and the Federal Trade Commission Act are civil statutes, those convicted of violating these laws do not receive prison time. Instead, they may be forced to pay fines and damages .
What are the four major provisions of the Clayton Act?
The principal provisions of the Clayton Act, which is far more detailed than the Sherman Act, the law it was meant to supplement, include (1) a prohibition on anticompetitive price discrimination; (2) a prohibition against certain tying and exclusive dealing practices; (3) an expanded power of private parties to sue ...
What was the effect of the Sherman Antitrust Act quizlet?
What was the chief effect of the Sherman Antitrust Act? The federal government won the power to prevent monopolies and mergers that interfered with trade between states .
What did the Chinese Exclusion Act do quizlet?
The 1882 Chinese Exclusion Act was the nation’s first law to ban immigration by race or nationality . The act, which was renewed and enforced until 1943, banned Chinese immigration and prohibited Chinese from becoming citizens.
What was the impact of the Clayton Antitrust Act?
The newly created Federal Trade Commission enforced the Clayton Antitrust Act and prevented unfair methods of competition . Aside from banning the practices of price discrimination and anti-competitive mergers, the new law also declared strikes, boycotts, and labor unions legal under federal law.
How successful was the Sherman Antitrust Act?
For more than a decade after its passage, the Sherman Antitrust Act was invoked only rarely against industrial monopolies, and then not successfully . Ironically, its only effective use for a number of years was against labor unions, which were held by the courts to be illegal combinations.
What are the four major antitrust laws?
The main statutes are the Sherman Act of 1890, the Clayton Act of 1914 and the Federal Trade Commission Act of 1914 .
How did the Clayton Antitrust Act help regulate the economy quizlet?
How did the Clayton Antitrust Act help regulate the economy? The Clayton Antitrust Act spelled out what businesses could and could not do .
Why did the Clayton Antitrust Act fail?
The Sherman Antitrust Act of 1890 was proposed by John Sherman from Ohio and was later amended by the Clayton Antitrust Act. ... These controlling practices directly impacted local concerns and often drove smaller entities out of business , which necessitated the passing of the Clayton Antitrust Act in 1914.
Which of the following is not a violation of the Clayton Act?
Which of the following IS NOT a violation of the Clayton Act? Price discrimination . Incorrect. This is a violation of the Clayton Act.
What are the three major antitrust laws?
- the Sherman Act;
- the Clayton Act; and.
- the Federal Trade Commission Act (FTCA).
