LAD/Blog #29: Clayton Anti-Trust Act



Woodrow Wilson, William Howard Taft, and Theodore Roosevelt all believed that the supreme court was far too lenient with large corporations and their evil acts. In 1914 the Clayton Anti-trust act was put into place by Wilson. The Clayton Anti-Trust act is much more complex and detailed than the Sherman Anti-Trust Act which actually backfired, as businesses used it to their advantage. The Clayton act established that corporations could not use "anticompetitive price discrimination" and "certain tying and exclusive dealing practices," it provided an "expanded power of private parties to sue and obtain treble damages," and also allowed workers to organize and gather to go on strike against these businesses. It stripped away the power of big businesses who abused their power, monopolizing and controlling industry. It gave the government and the common man more power to prevent these monopolies and stop the abuse of power. 
 
Image result for FTC
  
The FTC or the Federal Trade Commission is the group involved in protecting Americas consumer. For example against trusts, who could charge outrageous prices. It was established in 1914 by the Federal Trade Commission Act.

Comments

Post a Comment

Popular posts from this blog

LAD/Blog #28: Keating-Owen Child Labor Act

Image
    The Keating-Owen Child Labor Act was approved on September 1st, 1916 and addressed the issues of child labor in the United States. The act called for producers, manufacturers, and dealers not to ship or deliver and goods that had been made in factories that in the past thirty days had children under the age of sixteen working in it. If there were children under 14 they were also instructed not to. It also says to not allow the distribution of materials if there are children 14-16 working and worked log hours . Inspectors would be assigned to check places to make sure the act is being followed. The checks are random and the inspector has full access to the facility. Violations or fines can result in prisoner. Ultimately it cracked down on child labor and gave these children better, safer lives. Similarities can be drawn between this and the Triangle Shirtwaist Factory incident. The conditions caused the death of many women ...
Read more

LAD/Blog #7: Washington's Proclamation of Neutrality

Image
The Proclamation of Neutrality written in 1793 by George Washington. It addressed the foreign policy of the United States. It stated that the United States would take a stance of neutrality on conflict with foreign powers like France and Britain. It also warned citizens to not get involved in these conflicts and by doing so they render themselves liable for punishment for aiding a power. Its purpose was to convey the United States position of neutrality. The United States policy of neutrality is very similar to Switzerland. As the United States were neutral in conflicts with world powers Switzerland were neutral in World War I and World War II.
Read more

LAD/Blog #34: FDR's First Inaugural

Image
      FDR delivered his first inaugural address on March 4th, 1933. This would be the first of four total addresses. Possibly FDR's most famous quote was delivered in this address, "...the only thing we have to fear is fear itself...". This quote is used constantly and remains true to present day. FDR assures the people that his leadership can lead them out of these hard times. He also makes a call for action from all, "hand in hand", unified.  . For there must be more than a change in ethics. He also addresses the ways he will attack these problems. He intends to set up programs to fix the issues at hand. World War II would ultimately be the factor that got us out of the Great Depression. While FDR's programs did help the economy, the wartime production of WWII was the true reason we were able to get out of the Great Depression.
Read more