Wednesday, January 18, 2017

LAD #27 Clayton Anti-Trust Act
















The purpose of the act was to eliminate the corruption of big business polices and it was passed after the Sherman Anti-Trust Act, which was considered a failure. One part of the law made it illegal to discriminate by price, which was used by monopolists. Another part was about  price shifting and how it is not allowed to force out competition. Lastly, it promotes free trade by restricting a company from buying controlling stock in other companies to lessen competition.

Pictures: I chose a picture of the guy from monopoly because he represents a big business owner and creating a monopoly. I also chose a picture of J.P. Morgan because he was a big business owner who tried to monopolize the railroads. At the time, the government was pro business so they appreciated the railroads, but eventually they had to step in and regulate them because the monopolies were becoming too big and powerful.

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