Friday, February 1, 2013
LAD #27: Clayton Anti Trust Act
The Clayton Anti-Trust Act was put in place in order to increase the control over big business. It was passed during Woodrow Wilson's Presidency and it set the standards for how business's are regulated today. Passed years before, the Sherman Anti-Trust Act just monitered the big business's, using the Clayton Anti-Trust Act act trusts were able to be broken up by Roosevelt. The Act, passed in accordance with the Federal Trade Commission Act, was used to regulate the behaviors of large corporations with regards to the law. A big difference between the Sherman Anti-Trust Act and the Clayton Anti-Trust Act was that the Clayton Anti-Trust Act could not be used against labor unions. Now, unlike in the past, strikes, pickets, and labor unions could be enacted against big businesses without interference from the government.
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