LAD/Blog #29: Clayton Anti-Trust Act

The Clayton Anti-Trust Act was far more detailed than the Sherman Anti-Trust Act. The Clayton Act was also much more effective because it was actually enforced by the government after it was passed. It banned price discrimination, making it unlawful for a company to sell the same good to different consumers at different prices. It prohibited "tying agreements," which were often used to turn one monopoly into two. It allowed private parties to be able to sue for damages, which allowed for people who were injured to attempt to recover damages. It allowed for permitted labor unionizing, which deceased the amount of power that companies had over their workers. Most importantly, it also criticized anti-competitive mergers. This helped prevent price fixing and the creation of monopolies.

Image result for clayton antitrust act
Woodrow Wilson, who passed the Clayton Anti-Trust Act

Image result for federal trade commission
Synthesis: Federal Trade Commission

Comments

Post a Comment

Popular posts from this blog

LAD/BLOG #2: Peter Zenger

Image
1.) Who was Peter Zenger? Peter Zenger was a skilled printer who worked for the New-York Weekly Journal. The newspaper had been founded by Lewis Morris, who had been removed from his position as a judge by New York Governor William Cosby. For this reason, the newspaper was very critical of Cosby's administration. 2.) What was the controversy over his charges? Governor Cosby decided to take legal action against Zenger, because of his criticisms of Cosby. However, Zenger's case was brought in front of two separate grand juries, and both failed to indict him. Because of this, Cosby made the unpopular decision to send Zenger to trial without an indictment. Zenger was also not given legal representation. Because of this, many people thought the trial was unlawful and unfair. 3.) What influence did his case have on American governmental traditions? While Zenger's case had no major legal effect at the time, it changed the way that the general public thought about freedom of...
Read more

LAD/Blog #33: Kellogg-Briand Peace Pact

Image
The Kellogg-Briand Peace Pact was signed in Paris in 1928. While it aimed to prevent another global conflict, it ultimately failed to stop World War II, but has had some success. It was originally crafted by Frank Kellogg, the American Secretary of State, and Aristide Briand, the French Minister of Foreign Affairs. The pact was originally signed by 15 nations, including France, the United States, the United Kingdom, Germany, Italy, and Japan. Since then, it was signed by 31 other countries. The pact was first truly tested in 1931, when the Japanese invaded Manchuria (also called the Mukden Incident). No action was taken to enforce the pact because of the Great Depression and the fact that no countries really wanted to go to war to protect China. One key flaw in the pact was that it failed to clearly define what "self-defense" is, so it was easy to ignore the pact entirely. Kellogg-Briand Peace Pact Synthesis: The Covenant of the League of Nations, another international ...
Read more

Blog #9: Was Columbus a Hero or Villain?

Image
Christopher Columbus was both a hero and a villain, but he was slightly more of a hero than a villain. For one thing, he was a skilled navigator and explorer. He made four separate trips across the Atlantic Ocean, all on dangerous and . He also had advanced knowledge of Atlantic currents and was willing to take incredible risks. Most people believed that attempting to sail to Asia would be suicide, yet Columbus was still willing to lead an expedition. While Columbus was not the first European to discover America, he was the first to actually explore the continent. By becoming the first European in America, Columbus shaped history and directly led to the foundation of the United States. In the long run, Columbus created a bridge between the Americas and Europe, where plants, medicine, culture, wealth, and ideas could be spread across the continents. Christopher Columbus was a hero due to his success in uniting the European and American continents. To a lesser extent, Columbus was also a...
Read more