Saturday, February 5, 2011

LAD #27: Clayton Antitrust Act

The Clayton Antitrust act solved the problem of dealing with trusts by breaking up all of the bad trusts during the 1900s.  It was able to do this by introducing many new regulations on trusts and Big Business in general.  First off, businesses could not make prices fluctuate according to who was buying it.  If a company were to do this they would be fined.  Next, this act made it officially illegal to sell bribes.  Also, special deals had to be offered to everyone, not just a specific group of customers.  Along with this, if you were to accept a special deal you could also be fined and arrested.  This act also made it so that one company could not sell another company's product.  To protect workers, if someone were to get hurt on the job, they were now allowed to sue the company they were working under.  All in all, this act decreased the monopolistic control of big business.

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