Antitrust Laws Word Scramble
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Question | Answer |
Interstate Commerce Act(1887) | Created the Interstate Commerce Commission(ICC) to oversee railroad rates; currently regulates railroads, motor vehicles, and other freight carriers. |
Sherman Antitrust Act(1890) | Prohibits any agreements, comtracts, or conspiracies that would restrain interstate trade or cause monopolies to form. |
Clayton Antitrust Act(1914) | Clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local price cutting, mergers that reduce competition, and exclusive sales contracts. |
Federal Trade Commission Act(1914) | Created the Federal Trade Commission(FTC) to investigate charges of unfair methods of competition and commerce. |
Robinson-Patman Act(1936) | (Also called the Antiprice Discrimination Act) protects small retail buisnesses by prohibiting wholesalers from charging small retailers higher prices. |
Celler-Kefauver Act(1950) | Amended the Clayton Act to prohibit corporate acquisitions when they substantially decrease competition. |
Antitrust Procedures and Penalties Act(1975) | Increased penalties for violating antitrust laws. |
Parens Patriae Act(1976) | Gives states the right to sue companies on behalf of citizens harmed by the company's antitrust violations. |
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