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U.S Antitrust Legislation
N/A
8
Economics
12th Grade
03/27/2012

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Cards

Term
Interstate Commerce Act
Definition
created the Interstate Commerce Commission to oversee railroad rates; currently regulates railroads, motor vehicles, and other freight carriers
Term
Sherman Antitrust Act
Definition
prohibits any agreements, contracts, or conspiracies that would restrain interstate trade or cause monopolies to form.
Term
Clayton Antitrust Act
Definition
clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local price cutting, mergers that reduce competition, and exclusive sales contracts
Term
Federal Trade Commission Act
Definition
created the Federal Trade Commission to investigate charges of unfair methods of competition and commerce.
Term
Robinson-Patman Act
Definition
protects small retail businesses by prohibiting wholesalers from charging small retailers higher prices than they charged large retailers and by prohibiting large retailers from setting artificially low prices.
Term
Celler-Kefauver Act
Definition
amended the Clayton Act to prohibit corporate acquisitions when they substantially decrease competition.
Term
Antitrust Procedures and Penalties Act
Definition
increased penalties for violating antitrust laws
Term
Parens Patriae Act
Definition
gives states the right to sue companies on behalf of citizens harmed by the companys antitrust violations; requires larges companies to notify government of planned mergers; strenghthened the federal government's power to investigate antitrust violations.
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