The Clayton Anti-Trust Act of 1914 was another action by the government to restrict big businesses. This was created to break up big trusts and monopolies that were harmful for american competition and industry. This act made it illegal to discriminate prices between products and services of similar value if it promoted a monopoly or other big business tactics that were corrupt. This also prevented big businesses and companies holding large portions of certain industries to dramatically change their prices with the intention of driving out competition to create large monopolies. Additionally, other countries could no longer buy large portions of stock of corporations or businesses. Overall, the power of big businesses were weakened, and the power of the federal government was strengthened.
This is like the Sherman Antitrust Act, that also moved to eliminate trusts and monopolies of big businesses.
No comments:
Post a Comment