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Congress reacted in 1914 by passing two new laws: the Clayton Act, which outlawed using mergers and acquisitions to achieve monopolies and created an antitrust law exemption for collective bargaining; and the Federal Trade Commission Act, which created the Federal Trade Commission (FTC) as an independent agency that has shared jurisdiction with ...
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
The Clayton Antitrust Act of 1914 (Pub. L. 63–212, 38 Stat. 730, enacted October 15, 1914, codified at 15 U.S.C. §§ 12–27, 29 U.S.C. §§ 52–53), is a part of United States antitrust law with the goal of adding further substance to the U.S. antitrust law regime; the Clayton Act seeks to prevent anticompetitive practices in their incipiency.
Section 2 of the Act forbids monopoly. In Section 2 cases, the court has, again on its own initiative, drawn a distinction between coercive and innocent monopoly. The act is not meant to punish businesses that come to dominate their market passively or on their own merit, only those that intentionally dominate the market through misconduct ...
Monopoly, Parker Brothers' world-famous board game for budding capitalists, first went on sale on Feb. 6, 1935. In the depths of the Great Depression, Monopoly offered weary families a way to ...
Democrats were divided on the issue, in large part because of pro-tariff elements in the Pennsylvania party who wanted to protect the growing iron industry, as well as pockets of high tariff support in nearby industrializing states. [73] However President Grover Cleveland made low tariffs the centerpiece of Democratic Party policies in the late ...
This wrinkly legume from South America underwent a recent boom in the fine-dining world due to its notes of vanilla, almond, and cinnamon, but it has actually been illegal in the U.S. since 1954.
A post shared on social media purports Robert F. Kennedy Jr. announced he will ban Hershey’s chocolate once President-elect Donald Trump is in office. Verdict: False There is no evidence of ...