Examples of Antitrust Law in the following topics:
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- However, the Supreme Court declared that the law was unconstitutional in 1918.
- The Clayton Antitrust Act was a law that specified and outlined "unfair and illegal" certain business practices such as price discrimination, agreements prohibiting retailers from handling other companies' products, and agreements to control other companies.
- It was a stronger piece of legislation than other antitrust laws because it held individual officers of corporations responsible if their companies violated the laws.
- This was seen as a dramatic improvement over the more ambiguous language of previous antitrust legislation.
- Wilson uses tariff, currency and anti-trust laws to prime the pump and get the economy working in a 1913 political cartoon.
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- Congress enacted a law regulating railroads in 1887 (the Interstate Commerce Act), and one preventing large firms from controlling a single industry in 1890 (the Sherman Antitrust Act).
- United States antitrust law is the body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices.
- The Sherman Antitrust Act is a landmark federal statute in the history of United States antitrust law passed by Congress in 1890.
- Public officials during the Progressive Era put passing and enforcing strong antitrust high on their agenda.
- Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.
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- They also sought regulation of monopolies (Trust Busting) and corporations through antitrust laws.
- These antitrust laws were seen as a way to promote equal competition for the advantage of legitimate competitors.
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- Included among these were the Federal Reserve Act, Federal Trade Commission Act, the Clayton Antitrust Act, and the Federal Farm Loan Act.
- The Federal Trade Commission effectively restricted unfair trade practices and enforced the 1914 Clayton Antitrust Act.
- The Clayton Antitrust Act was a law that specified and outlined "unfair and illegal" certain business practices such as price discrimination, agreements prohibiting retailers from handling other companies' products, and agreements to control other companies.
- It was a stronger piece of legislation than other antitrust laws because it held individual officers of corporations responsible if their companies violated the laws.
- This was seen as a dramatic improvement over the more ambiguous language of previous antitrust legislation.
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- This included the Federal Reserve Act, the Underwood Tariff, the Federal Trade Commission, the Clayton Antitrust Act, and the Adamson Act.
- He led the creation of the Clayton Antitrust Act of 1914, outlawing business practices such as price discrimination and price fixing, as well as expanding previous antitrust laws by holding individual corporate officers responsible if their companies violated the laws.
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- For his aggressive use of United States antitrust law, he became known as the "trust-buster".
- He brought 40 antitrust suits, and broke up major companies, such as the largest railroad and Standard Oil, the largest oil company.
- Roosevelt established the United States Forest Service, signed into law the creation of five National Parks, and signed the 1906 Antiquities Act, under which he proclaimed 18 new U.S.
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- In 1890, Congress passed the Sherman Antitrust Act — the source of all American anti-monopoly laws.
- The law forbade every contract, scheme, deal, or conspiracy to restrain trade, though the phrase "restraint of trade" remained subjective.
- The Standard Oil group quickly attracted attention from antitrust authorities leading to a lawsuit filed by Ohio Attorney General David K.
- In 1909, the US Department of Justice sued Standard under federal anti-trust law, the Sherman Antitrust Act of 1890, for sustaining a monopoly and restraining interstate commerce.
- On May 15, 1911, the US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be an "unreasonable" monopoly under the Sherman Antitrust Act.
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- In general, they accepted the concept of laissez-faire, a doctrine opposing government interference in the economy, except to maintain law and order.
- Congress enacted a law regulating railroads in 1887 (the Interstate Commerce Act), and one preventing large firms from controlling a single industry in 1890 (the Sherman Antitrust Act).
- These laws were not rigorously enforced, however, until the years between 1900 and 1920, when Republican President Theodore Roosevelt (1901–1909), Democratic President Woodrow Wilson (1913–1921), and others sympathetic to the views of the Progressives came to power.
- Wilson proved especially effective in mobilizing public opinion behind tariff changes by denouncing corporate lobbyists, addressing Congress in person in highly-dramatic fashion, and staging an elaborate ceremony where he signed the bill into law.
- Wilson helped end the long battles over the trusts with the Clayton Antitrust Act of 1914.
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- In time, they persuaded many state legislatures to pass laws regulating railroads.
- Rockefeller organized his Standard Oil of Ohio as a common-law trust .
- The political parties got the message: In 1888, both Republicans and Democrats put an antitrust plank in their platforms.
- The result was the Sherman Antitrust Act of 1890, sponsored by Senator John Sherman, of Ohio.
- Senator Sherman and other sponsors declared that the act had roots in a common-law policy that frowned on monopolies.
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- Separate laws and policies emerged regarding railroads and financial concerns such as banks and insurance companies.
- Rockefeller organized his Standard Oil of Ohio as a common-law trust.
- The political parties got the message: In 1888, both Republicans and Democrats put an antitrust plank in their platforms.
- The result was the Sherman Antitrust Act of 1890, sponsored by Senator John Sherman, of Ohio.
- Senator Sherman and other sponsors declared that the act had roots in a common-law policy that frowned on monopolies.