Paul Cooney
AP American
Mr. DeCarlo
5 February 2007
LAD 24- The Clayton Antitrust Act (1914)
This Act was created to fix the problems in the Sherman Anti-Trust Act. Some of the revisions outlined in the Clayton Antitrust Act were: price discrimination, changes in merger laws, sales conditions, and ownership laws. If price discrimination lessens the competition, or beings to create a monopoly in any line of commerce, it is illegal. The mergers and acquisitions executed by a company may not lessen competition, nor may the buyer deal with the seller’s competitor. These revisions primarily dealt with unfair competition created by the outlined situations, all of which were made illegal to further help the consumer and the small businesses. Probably the most significant section in the Clayton was the Act Section 8; codified at U.S.C. § 19. This forbade any single person from being the director of two or more competing business, to avoide monopolies.
