LAD#24 - The Clayton Antitrust Act, 1914

The act decrees that it is unlawful for any business to discriminate in price between different consumers who are purchasing items of the same grade and quality especially if it should in anyway create a type of monopoly. One may not pay to an intermediary representative. Also the Clayton Antitrust act prohibited any type of merger or acquisition that could lessen competition. A person was not allowed to be in charge of two or more competing corporations. Those who are affected by the creation of a monopoly or the lessening of competition may sure for damages done unto them. The act also declared that rebates and discounts cannot be discrimnatory and must be open to the public is offered at any point. The Clayton Antitrust Act is backed and enforced by the Federal Trade Commission.