Summary of the Clayton Anti-Trust Act
The Clayton Anti-Trust Act was
passed on October 15, 1914 as a supplement to existing laws against unlawful
restraints and monopolies. This act made it illegal for anyone in commerce to
discriminate in price between different buyers in order to lessen competition or
create a monopoly. However, it did not restrict adjusting price to quality or
quantity and still allowed for businesses to select customers in bona fide
transactions. Businesses were also forbidden from making sales or fixing prices
on the agreement that the lessee or purchaser doesn’t use goods of a competitor
where it would lessen competition or allow a monopoly. Finally, it forbid
corporations from acquiring the whole or any part of the stock of another
corporation in situations that would lessen competition or create monopolies.
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