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Economicsss

Antitrust Legislation

QuestionAnswer
Which act came first; Interstate Commerce Act or Sherman Antirtust Act? Interstate Commerce Act
The Sherman Antitrust Acct and Clayton Antitrust Act both try to prevent the formation of monopolies. However, one came first, and the second Act strengthened the first. Which came first and which came second? Sherman Antitrust Act came first. THe Clayton strengthened and clarified the SHerman Antitrust Act.
What act was created to investigate charges of unfair mehtods of compeition and commerce? Federal Trade Commision Act 1914
Which act protects small businesses and how does it do so? Robinson-Patman Act 1936. It prohibited wholesalers from charging small retailers higher prices than they charged large retailers and by prohibiting large retialers from settng artifically low prices.
Which act amended the Clayton act and what changes were made? Celler-Kefauver Act 1950. Prohibits corporate acquisitions when they substantially decrease competition.
What was the purpose of the Antitrust Procedures and Penalities Act? Increased penalties for violating Antitrust laws.
What does the Parens Patriae Act refer to? it refers to the public policy power of the state to intervene against an abusive or negligent parent, legal guardian or informal caretaker.
Created by: taraflynn