LAD #24: The Clayton Anti-Trust Act

The Clayton Anti-Trust Act was made in 1914 during the Industrial Era. The act helped outlaw monopolies and put many restrictions on them so that they would not take over an industry. The first section that the Clayton Anti-Trust Act has is about discrimination in price, services, or facilities. The first thing it talks about is price discrimination. This means that a certain business cannot give different prices to different customers. The Clayton then goes on to prohibit the acceptance of any commission or compensation of any sort. It also prohibited any person to discriminate in favor of one purchaser against another purchaser. It also restricted the acceptance of different prices. The Act then goes on to say that no person engaged in commerce or in any activity affecting commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital. The last section of the Clayton Anti-trust Act says that any person, firm, corporation, or association shall be entitled to sue for and have injunctive relief, in any court of the United States having jurisdiction over the parties, against threatened loss or damage by a violation of the antitrust laws. Overall, the Act basically put restrictions on trusts and monopolies.