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 Embargo Act of 1807 was legislation implemented by President Thomas Jefferson and the U.S. Congress to forbid all exports from the United States. It was an attempt to chasten the warring countries of Great Britain and France for their violations of U.S. neutrality.Full Answer >
The Indian Removal Act authorized the President of the United States to resettle Indian tribes who lived east of the Mississippi River to lands west of the Mississippi. Although the resettlement was ostensibly voluntary, the act resulted in war with the Seminole tribe and to the Cherokee Trail of Tears.Full Answer >
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 >
An Act of Parliament is a form of legislation that is passed by the parliament intended to create a new law or change an existing law. A bill must pass and win royal assent in order to become law.Full Answer >