LAD #27: Clayton Anti-Trust Act

In 1914, the Clayton Anti-Trust Act was passed by Congress after the Sherman Anti-Trust Act, which was mostly a failure. The Clayton Anti-Trust Act prevented companies from making exclusive contracts, rebates, inter corporate stock holdings, and price cutting. This is very similar to the Sherman Anti-Trust act, but there is a subtle difference- labor unions were not considered constraints of the economy. This act was very influential because it did not inhibit unions from forming or carrying out their plans for reform.