Q:

How did the Clayton Antitrust Act benefit labor?

A:

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.

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.


Is this answer helpful?

Similar Questions

  • Q:

    Was the Sherman Antitrust Act successful?

    A:

    Our Documents states that the Sherman Antitrust Act, designed to dissolve certain company trusts, was not successful because it failed to completely define critical terms, such as "monopoly," "trust," "conspiracy," and "combination." Many stockholders had transferred their shares to trustees within major companies, and these trusts had created monopolies.

    Full Answer >
    Filed Under:
  • Q:

    Why did the colonists dislike the Stamp Act?

    A:

    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 >
    Filed Under:
  • Q:

    What was the Salt II Treaty?

    A:

    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 >
    Filed Under:
  • Q:

    What was the termination policy of 1953?

    A:

    The termination policy of 1953 was the effort by the U.S. government to terminate tribes, assimilate Native Americans into the United States and subject them to the same laws as other citizens. This policy lasted to the mid-1960s.

    Full Answer >
    Filed Under:

Explore