The Clayton Antitrust Act was passed in 1914 in an effort to increase the effectiveness of existing antitrust legislation in the United States by limiting anti-competitive practices while they were still in their earliest forms. It prohibited a number of common schemes conducted by businesses in order to artificially inflate prices, decrease wages and work around the free market. This made it beneficial to consumers and workers alike.Know More
The first antitrust act past by the US Congress was the Sherman Antitrust Act of 1890. The Clayton Act further clarified and added to this act, refined the earlier policies. In addition to addressing issues like price fixing, the forming of monopolies and other schemes conducted by businesses, it also granted important rights to members of labor unions. Peaceful strikes and boycotts were specifically mentioned in the Clayton Antitrust Act as legal and beneficial for promoting a healthy economy.
Some of the provisions in the earlier Sherman Antitrust Act could be interpreted as applying to labor unions as well as businesses, and they had hampered the ability of unions to organize in the past. The Clayton Act clarified these points, specifying that they only applied to businesses, and granted unions more freedom than before.Learn more about US History
The Kansas-Nebraska Act was passed on May 30, 1854, by the U.S. Congress. The act allowed the citizens of Kansas and Nebraska to decide among themselves whether to allow slavery to continue within their territory.Full Answer >
The Pendleton Act was passed following the assassination of James A. Garfield in 1881 by a man who believed he deserved a government job. The assassination caused public outrage, which led President Chester Arthur to push for an act that ended politicians appointing friends and family to government positions, and introduced the concept of awarding jobs based on merit.Full Answer >
The Stamp Act of 1765 was abhorred by the colonists because it represented an effort by the British to use taxes in order to raise money, and not to regulate commerce as in the past. For the colonists, this set a troubling precedent that would open the doors for more extensive taxation in the future.Full Answer >
The SALT II treaty was the result of the second round of Strategic Arms Limitation Talks undertaken by the United States and the Soviet Union in an effort to manage the nuclear arms buildup. It was signed by U.S. President Jimmy Carter and Soviet General Secretary Leonid Brezhnev in June of 1979 and limited each nation to 2,250 delivery vehicles in their nuclear arsenals.Full Answer >