Antitrust enforcement and the consumer department of justice. Clayton antitrust act, law enacted in 1914 by the united states congress to clarify and strengthen the sherman antitrust act. The clayton antitrust act is a piece of legislation passed by the u. Indeed, to emphasize the sherman act s intended importance, the clayton act authorizes treble damages and attorneys fees. Some of the provisions of the clayton antitrust act appear here. The clayton antitrust act 1914 forbade several practices that destroyed competition or prevented new businesses from forming. The clayton act allows those injured by violations of either act to bring federal court actions for treble damages. Sherman act 7 foreign trade antitrust improvements act of 1982, 15 u. The clayton antitrust act of 1914 pearson education. With the sherman act in place, and trusts being broken up, business practices in america were changing.
Us antitrust law and policy in historical perspective harvard. Clayton antitrust act summary, history, significance. The act defines unethical business practices, such as. Some sections have been edited or eliminated because of space concerns. The hartscottrodino act added a section to the clayton act allowing a state attorney general to sue under antitrust. International antitrust enforcement assistance act of 1994, 15 u. Though the senate passed its own version on september 2, 1914, by a vote of 4616, the final version of the law written after deliberation between senate and the house, did not pass the senate until october 5 and the house until october 8 of the next year. Conduct involving trade or commerce with foreign nations. The clayton antitrust act 1914 the clayton antitrust act is comprised of 12, 1419, 20, 21, 2227 of title 15. But some companies discovered merging as a way to control prices and production instead of forming trusts, competitors united into a single company. What links here related changes upload file special pages permanent link page information wikidata item cite this page. Chamber documents and litigation records reveal a push by private parties. It extended the sherman antitrust act of 1890, acting as one of the governments chief weapons against trusts. Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several states, or with foreign nations, is declared to be illegal.
1123 1471 1243 897 286 965 1275 21 944 150 817 1520 593 682 763 887 1009 1455 1147 1421 540 731 1176 178 304 299 641 429 969 269 1097 566 340