Sunday, February 3, 2013

LAD #27

 
            In 1914 as a response to the semi-failure of the Sherman Anti-Trust Act, Congress passed the Clayton Anti-Trust Act. This new act prohibited big business corporations from making exclusive contracts, freezing out their competition, interoperate stock holdings and rebates. A main component in this new act was that these labor unions were no longer constrained by the economy and were not specified making this new feature tot eh act more effective than the previous act, the Sherman Anti-Trust Act. The pervious act which made these unions act as constraints on business. Another added bonus to this new act was that it documented the legalization of peaceful strikes, picketing, and boycotts. In later years the Clayton Anti-Trust act was used a key tool in many lawsuits against big business.


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