LAD #27

The Clayton Anti-Trust Act was passed by the American Congress in 1914. It was made to add to and improve upon the failures of the Sherman Anti-Trust Act. This Act was set in place in order to stop major companies from rebates, price cutting, inter corporate stock share holding, and from making exclusive contracts with other companies. Although there are some similarities between the Clayton, and Sherman Anti-Trust Acts, they are some noticeable differences. For instance, labor unions were no longer considered constraints of the US economy. Thus labor unions were able to legally carry out reform during this time.