The Clayton Antitrust Act (1914) is a United States law designed to strengthen the Sherman Antitrust Act (1890), which was passed to lessen the concentration of economic power in large corporations and combinations of business concerns. The Clayton Act was also designed to close loopholes in the Sherman Act that allowed companies to engage in activities that adversely affected competition but were not prohibited by the 1890 law.http://www.infoplease.com/ce6/history/A0844878.html http://www.infoplease.com/ce6/history/A0812484.html
Antitrust Law and Silicon Valley
References
Fast Facts
-
Fact:
Prohibits exclusive sales contracts
-
Fact:
Prohibits local price cutting to freeze out competitors
-
Fact:
Prohibits interlocking directorates in corporations capitalized at $1 million or more in the same field of business
-
Fact:
Prohibits intercorporate stock holdings.
-
Fact:
Excludes labor unions and agricultural cooperatives from the illegal combinations in restraint of trade.
-
Fact:
Restricts use of injunction against labor
-
Fact:
Legalizes peaceful strikes, picketing, and boycotts.
-
Fact:
Later judicial constructions weakened the labor protections.
