Thursday, January 22, 2015

LAD #27 Clayton Anti-Trust Act

The Clayton Anti-Trust Act was passed by Woodrow Wilson's administration after being introduced by Alabama Democrat Henry De Lamar Clayton Jr. in October, 1914. The act was ordained to strengthen the power of government in dealing with monopolies, a vital part of the process. It also aided to set a foundation for the regulation of business presently practiced by the government. Before, the Sherman Anti-Trust Act was the only act which allowed the government to be involved in the control of  large businesses. Theodore Roosevelt utilized the Sherman Anti-Trust Act in order to become America's first trust buster. Furthermore, the Clayton Anti-Trust Act regulated the decisions of powerful corporations which often times got away with unlawful transactions. The most significant difference between the two acts is that the Clayton Anti-Trust Act can not be used against labor unions.

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