Tuesday, March 1, 2011

Anti-Trust


The Sherman Anti-Trust Act of 1890 forbade combinations in restraint of trade, without any distinction between "good" trusts and "bad" trusts. The problem was identified not be behavior, but by size. The law was generally ineffective, granting no specific authority, being full of loopholes. It did, though, get used to ur labor unions....




The Clayton Anti-Trust Act of 1914 lengthened the Sherman Act's lsit of business practices that were deemed objectionable, including price discrimination and itnelrocking directorates. It also conferred long-overdure benefits on labor, seekening to exempt labor and agricultural organizations from antitrust prosecution, while explicitly legalizing strikes and peaceful picketing.

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