Wednesday, January 30, 2013

LAD #27: Clayton Anti-Trust Act

On October 15, 1914, the Clayton Anti-Trust Act was initiated against monopolies to restrain their powers. In section two of this act, it talks about how it will prevent companies from changing prices to choose their customers. This helps the people choose what type of good they want with plenty of variety. In section three it states "That it shall be unlawful for any person engaged in commerce, in the course of such commerce, to lease or make a sale or contract for sale of goods, wares, merchandise, machinery, supplies or other commodities." This section talks about how the act will not allow companies to change their price to drive out other companies. This helped small businesses give them more of a chance and the people more choice. Section seven talks about how companies are not allowed to give other companies stock options to buy them out. The actions of the Clayton Anti-Trust Act helped the country and people for better opportunity and variety.

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