LAD #27: Clayton Anti-Trust Act

The Clayton Anti-Trust Act was passed by Congress in 1914, following the failure of the Sherman Anti-Trust Act. The Clayton Act prevented companies from forming exclusive contracts, rebates, inter corporate stock holdings, and price cutting. While it was very similar to the Sherman Act, there was a slight difference; in the Clayton Act, labor unions were not considered to be constraints of the economy. The act was influential because it didn't try to prevent unions from forming or carrying out their plans for reform.