Wednesday, February 6, 2008

LAD #24: Clayton Anti-trust Act

the clayton anti-trust act was developed to break up the bad trusts all over the United States in the early 1900's. it accomplished this using many rules and regulations on big business.

1. Businesses could not sell the same item for different prices based on who was buying it. They couldn't discriminate against customers.

2. If the company does in fact discriminate, the company will be charged

3. it is illegal to accept bribes.

4. it is illegal to give special deals to select customers

5. it is illegal to accept a better price

anyone violating these terms can be fined $5000 and imprisoned

6. one cannot sell other's products

7. if someone is injured on the job, they are allowed to sue the company

The Clayton Anti-trust act was put into effect to decrease the powers of the businesses and increase the power of the people. In addition, it provided for competition and better economic prosperity for everyone.

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