LAD #27: Clayton Anti-Trust Act

Passed by the United States Congress in 1914, the Clayton Anti-Trust Act was created to revise and improve the Sherman Anti-Trust Act. The Clayton Anti-Trut Act stated that big businesses and corporations were not permitted to grant different prices to different consumers. The Act also prohibited granting rebates to force competitors out of business. The main purpose on this section of the act was to prevent trade-restrictive monopolies. The Act also regulated the sale of stocks by limiting how much stock one competitor can have in another's company.