0
True or False According to the Clayton Antitrust Act unions were illegal organizations similar to trust?
No.
The Sherman Antitrust Act of 1890, designed to protect society from corporate entities unfairly raising prices for consumers due to unfair competition. (Examples might include Andrew Carnegie, the Steel magnate who essentially could have set steel prices at any price he so chose, as there was no real competition to undercut his prices), was being applied to labor unions as organizations which were being said to unfairly raise the cost of labor, thus financially hurting the consumers.
The Clayton Act of 1914 was passed, in part, to clarify that "the labor of a human being is not a commodity or article of commerce. Nothing contained in the antitrust laws shall be construed to forbid the existence and operations of labor [unions]... nor shall such organizations... be held or construed to be illegal combinations or conspiracies in restraint of trade."
An interesting fact to be considered, a provision of the Clayton act (poor wording) gave organizations the right to seek immediate injunctions to send striking/boycotting workers back to work. Prior to Clayton, the only way an injunction could be obtained was by a District Attorney. The Clayton Act could be argued to have been more damaging to labor unions than helpful!
Add your answer:
Earn +20 pts
This act was enacted in July of 1890 and made combining of businesses to prevent competition illegal?
The Sherman Antitrust Act was enacted in July 1890 and made combining of businesses to prevent competition illegal.
Was the purpose of the Sherman Antitrust Act?
Describe the events of the 1902 coal strike
What impact did Theodore Roosevelt's use of the Sherman Antitrust Act have on business?
it destroyed some illegal trusts (monopolies), but it didn't do that much to stop the ever growing number of monpolies and trusts.
Which of the following prohibits price discrimination the sherman act the clayton act the federal trade commission act or the full employment and balanced growth act?
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
According to this excerpt what situation did the Voting Rights Act make illegal?
asking voters to pay to vote
According to the Clayton Antitrust act unions were illegal organizations similar to trusts?
No, the Clayton Antitrust Act exempts unions, specifically distinguishing them from trusts. Section 6 of the Clayton Act provides safe harbor for Labor unions and agricultural organizations. Therefore all peaceful forms of labor actions are not regulated by the Clayton Act. On the other side injunctions by a company is also legal to settle labor disputes.
What did the Clayton Act add to the Sherman Antitrust Act?
The Clayton Act made certain practices illegal when their effect was to lessen competition or to create a monopoly.
When were the first antitrust laws passed in the US?
The Sherman Antitrust Act of 1890, the first and most significant of the U.S. antitrust laws, outlawed trusts and prohibited "illegal" monopolies.
What effect did the Clayton Antitrust Act have on monopolies such as Standard Oil?
It made certain practices illegal when their effect was to lessen competition to create a monopoly.
What did the clayton antitrust act do?
The Clayton Antitrust Act is an amendment that the United States Congress passed in 1914. It tries to ban certain actions that lead to anti-competitiveness and give more substance and clarification to the Sherman Antitrust Act .
The of 1914 strengthened previous corporation control laws and made illegal certain methods big business used to eliminate competition?
Clayton antitrust act
What legalized strikes and peaceful picketing?
Clayton Antitrust Act: law that made illegal certain monopolistic business practices; it also legalized strikes, boycotts, and peaceful picketing
Which practice became an illegal business act according to the Sherman Antitrust Act?
forming monopolies by buying out competitors
What association of 1914 strengthened previous corporation control laws and made illegal certain methods big business used to eliminate competition?
It was not an association but an act, it was the Clayton antitrust act that made monopolies illegal, the boardgame too, just kidding on the board game part.
What is the most significant antitrust law in the US?
Major legislation in this realm includes the Sherman Act of the 1890s, the Clayton Act of 1914, and the Cellar-Kefauver Act of 1950. The Robinson-Patman Act prohibits manufacturers from discriminating against small retailers in favor of large chains.
Who is the flag carrier airline of The US?
There is no flag carrier in the US. It is illegal under the Antitrust Act.
Made it illegal for corporations to interfere with free interstate or international trade?
Sherman Antitrust Act
