Thursday, January 31, 2013

LAD # 27: Clayton Anti-Trust Act

     The Major purpose of this law was the regulate monopolies or other unlawful restraints.  One of the major points of the Act was the portion that stated that "it was unlawful to discriminate in price between different purchasers." This also prohibited railroads from the corrupt practice of charging more for short trips than long trips.  Furthermore, the Clayton Anti-Trust Act forbid the granting of rebates to force competitors out of business or issue lower prices for a certain company.  This portion of the Act was intended on preventing trade-restrictive monopolies.  Lastly, the Act aims at encouraging free trade and limiting company control over a particular field.  To accomplish this, it forbids companies to maintain stock in another company in efforts to consolidate and wipe out competition.    

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