Heather Econ |
| __ | __ | __ | __ | __ | __ | __ | __ |
| Question | Answer |
| The Sherman Antitrust Act of 1890 | It prohibits any agreements, contracts, or conspiracies that would restrain interstate trade or cause monopolies to form. |
| The Celler-Kefauver Act of 1936 | Amended the Clayton Act to prohibit coporate acquisitiuons when they substantially decrease competition. |
| The Interstate Commerce Act of 1887 | It Created the INterstate Commerce Commission (ICC) to oversee railroad rates; currently regulates railroads, motor vehicles, and other freight carriers. |
| The Robinson-Patman Act of 1936 | Protects small retail businesses by prohibiting wholesales from charging small retailers higher prices than they charged large retailers and by prohibiting large retailers from setting artificially low prices. |
| THe Parens Patriae Act of 1976 | Gives states the right to sue companies on behalf of citizens harmed by the company's antitrust violations; requires large companies to notify the government of planned mergers. |
| The Federal Trade Commission Act of 1914 | Created the Federal Trade Commission (FTC) to investigate charges of unfair methods of competition and commerce. |
| The Clayton Antitrust Act of 1914 | Clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local prices cutting, mergers that reduce competition, and exclusive sales contracts. |
| The Antitrust Procedures and Penalties Act of 1975 | Increased penalties for violating antitrust laws. |
