An introduction to americas century old antitrust law

However, this has changed over the years due legislation such as the land protection act, introduced in the s. The size of Standard Oil allowed it to undertake projects that disparate companies could never agree on and, in that sense, it was as beneficial as state-regulated utilities for developing the U.

United States. The pace of business takeovers quickened in the s, but whenever one large corporation sought to acquire another, it first had to obtain the approval of either the FTC or the Justice Department. Steel couldn't dominate the market indefinitely because of innovative domestic and international competition, the same is true for Microsoft.

It does not capture the decisions of a single enterprise, or a single economic entity, even though the form of an entity may be two or more separate legal persons or companies. Key Takeaways The last great American monopolies were created a century apart, and one lasted over a century.

history of antitrust laws

Often the government demanded that certain subsidiaries be sold so that the new company would not monopolize a particular geographical market.

Nine additional individuals have been indicted, but each of them has apparently avoided prosecution by avoiding travel to the United States. As unions faded in strength, the government paid much more attention to the damages that unfair competition could cause to consumers, especially in terms of higher prices, poorer service, and restricted choice.

clayton act

Coordination that results in undue power over other groups—consumers, workers, or other producers—should not be permitted. No solicitation provisions focus on restraining aggressive recruiting tactics.

United StatesU. These include plain arrangements among competing individuals or businesses to fix prices, divide markets, or rig bids.

antitrust law questions

As Senator John Sherman put it, "If we will not endure a king as a political power we should not endure a king over the production, transportation, and sale of any of the necessaries of life.

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The Antitrust Laws