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The Clayton Antitrust Act (1912)

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The Clayton Antitrust Act (1912)
The Clayton antitrust act was passed in 1914. The act was drafted by Alabama Democrat Henry De Lamar Clayton. President Wilson instructed congress to come up with the act when he went into office in 1912. Wilson felt as though large companies had too many freedoms. The Act was put into effect to prohibit anticompetitive price discrimination, prohibit against certain tying and exclusive deal practices, expand power to private parties to sue and obtain triple damages, labor exemption that permitted union organizing, prohibition against ant compatible mergers. Company mergers have to go through the Federal Trade Commission and The Department of Justice for regulation to be approached. It is not uncommon for a merger to be disapproved. Like
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