Tuesday, March 1, 2011

Trustbusting in the Progressive era

Trusts began to fall during the Progressive era with the Sherman Anti-Trust Act in 1890, and the Clayton Anti-Trust Act of 1914.

The Sherman Anti-Trust Act, at first forbade combinations in restraint of trade, in other words, large trusts. At first, business lawyers could easily squirm their companies through the numerous loopholes, but was later improved by President Wilson.



The Clayton Anti-Trust Act, gave the Sherman Act some teeth by lengthening its list of objectionable business practices, including price discrimination. The Act also, at the same time, provided labor benefits, including protection from antitrust prosecution.

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