As one of the most progressive of the Progressive Presidents, the Wilson Administration passed the Clayton Anti-Trust Act in 1914. Aimed at the elimination and control of unlawful business practices, the second prevented a business from unlawfully controlling the prices of goods. This can not be done by a business when its goal is to discriminate against the consumer based on "grade, quality, or quantity" of the good sold or when their intent is to create a monopoly. This may be allowed, however, when it is for competition among businesses. In the third section, it explains that granting rebates and other malpractices of this sort to force out competitors or to decrease the value of the prices of another company to create a monopoly is illegal. In the seventh section, it outlaws the consolidation of companies for the purpose of lessening or eliminating competition that would lead to a monopoly in any line of commerce.
Friday, February 1, 2013
LAD #27: Clayton Anti-Trust Act
As one of the most progressive of the Progressive Presidents, the Wilson Administration passed the Clayton Anti-Trust Act in 1914. Aimed at the elimination and control of unlawful business practices, the second prevented a business from unlawfully controlling the prices of goods. This can not be done by a business when its goal is to discriminate against the consumer based on "grade, quality, or quantity" of the good sold or when their intent is to create a monopoly. This may be allowed, however, when it is for competition among businesses. In the third section, it explains that granting rebates and other malpractices of this sort to force out competitors or to decrease the value of the prices of another company to create a monopoly is illegal. In the seventh section, it outlaws the consolidation of companies for the purpose of lessening or eliminating competition that would lead to a monopoly in any line of commerce.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment