Lesson 24: Regulation

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Sherman Anti-Trust Act: prohibited trusts, restraint of trade by firms, and monopolies. However, the language in this particular act was very vague and a lot of firms slipped by. The Sherman Anti-Trust act, while being the first piece of legislation to ban monopolistic behavior, was highly ineffective. Because of this, Congress passed a second piece of legislation in 1914 to help supplement the Sherman Anti-Trust Act.

  • Clayton Act of 1914- Was passed to outlaw other practices that were not prohibited by the Sherman Anti-Trust Act, including price discrimination and other anti-competitive behaviors in regards to trading. Finally, to help ensure that anti-trust legislation was enforced, the government passed one more piece of regulation: The Federal Trade Commission Act of 1914 which created the:

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