Wilson had so many political and social reforms. Some of them include the Clayton Antitrust Act, the Federal Trade Commission, and the Federal Reserve System.
The Clayton ActCritics of the Sherman Act, including famous trust-buster President Teddy Roosevelt, felt the ambiguity of the Sherman Act was an impediment to its use and that the United States needed a more detailed law setting out a list of illegal activities. The Clayton ActClayton ActSecond major U.S. antitrust law; prohibits various behaviors leading to a lessening of competition., 15 U.S.C. §§ 12-27, was passed in 1914 and it adds detail to the Sherman Act. The same year, the FTC Act was passed, creating the Federal Trade Commission (FTC)Federal Trade Commission (FTC)Federal government agency that enforces the antitrust laws, along with the U.S. Department of Justice (DOJ), and provides consumer protection., which has authority to enforce the Clayton Act as well as to engage in other consumer protection activities.The Clayton Act does not have criminal penalties, but it does allow for monetary penalties that are three times as large as the damage created by the illegal behavior. Consequently, a firm, motivated by the possibility of obtaining a large damage award, may sue another firm for infringement of the Clayton Act. A plaintiff must be directly harmed to bring such a suit. Thus, customers who paid higher prices or firms that were driven out of business by exclusionary practices are permitted to sue under the Clayton Act. When Archer Daniels Midland raised the price of lysine, pork producers who bought lysine would have standing to sue, but final pork consumers who paid higher prices for pork, but who didn't directly buy lysine, would not.Highlights of the Clayton Act include:Section 2, which prohibits price discrimination that would lessen competitionSection 3, which prohibits exclusionary practices, such as tying, exclusive dealing, and predatory pricing, that lessen competitionSection 7, which prohibits share acquisition or merger that would lessen competition or create a monopoly
The Federal Election Commission was decided on April 2, 2014. This has been argues in October 8, 2013 but the decision was made in 2014.Ê
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Federal Election Commission or fec
There are three major federal antitrust laws: The Sherman Antitrust Act, the Clayton Act and the Federal Trade Commission Act.
The Clayton Act exempted labor unions from mergers and monopolies so boycotts, strikes and picketing can be used for labor disputes.
The FTC enforces the Clayton and Federal Trade Commission Acts as well as a number of other antitrust and consumer-protection laws.
laws controlling monopoliesthe Clayton Antitrust Actthe Federal Trade Commission
Laws controlling monopoliesThe Clayton Antitrust ActThe Federal Trade Commission(OW)
Laws controlling monopoliesThe Clayton Antitrust ActThe Federal Trade Commission(OW)
Because loopholes were also present in the Clayton Act, the Federal Trade Commission (FTC) was established to enforce the antitrust legislation.
The Clayton Act exempted labor unions from mergers and monopolies so boycotts, strikes and picketing can be used for labor disputes.
Wilson had so many political and social reforms. Some of them include the Clayton Antitrust Act, the Federal Trade Commission, and the Federal Reserve System.
Sherman Antitrust Act Clayton Antitrust Act of 1914
The primary source of antitrust laws in the United States is the Sherman Antitrust Act, enacted in 1890. It prohibits anticompetitive practices and monopolies that could harm consumers and competition in the marketplace. Subsequent legislation, such as the Clayton Antitrust Act and the Federal Trade Commission Act, further expanded on these principles.
The 1914 Clayton Antitrust Act Labor excluded unions and agricultural cooperatives from antitrust laws