Sunday, February 6, 2011

LAD 27

This act which is still successfully used today marked the commencement of government activism. Previous to the Clayton Anti-Trust Act big businesses were free to monopolize, discriminate, as well as use corrupt policies. This was in large part due to our governements economic policy of Laissez-Faire. The Sherman Anti-Trust Act had been enacted but not strictly enforced, which is why the Clayton Anti-Trust Act was put into place in October of 1914. It stopped price discrimination as well as prohibit a sole person from being the head of more than one company. All of these restrictions worked together to ensure competition between businesses giving the consumer the benefit of the doubt.

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