LAD/Blog #29: Clayton Anti-Trust Act

The Clayton Anti-Trust Act has three sections, Section 2, Section 3, and Section 7. In Section 2, the act states that discounts for specific groups or people is illegal. Lowering the price of goods or services for different people is not allowed. However, different prices based on the quality of the item sold or based on competition is allowed, but not to gain a monopoly. Section 3 of this law states that the manipulating of prices to lessen competition is also illegal.  Lastly, section 7 of this law prevents a corporation from owning stock of other companies, as it would significantly lessen the competition and thus create a monopoly.





This act reminded me of John Rockefeller's Standard Oil Company because it combined vertical and horizontal integration tactics with the creation of trusts to dominate the U.S. economy.