LAD #27: Clayton Anti-Trust Act

President Woodrow Wilson's administration passed the Clayton Anti-Trust Act in 1914. It was timed to prevent businesses from unlawfully controlling prices of goods and for  the eliminations of unlawful businesses.  A business could no longer discriminate based on "grade, quality or quantity" of the good sold or when they content to create a monopoly. This was only allowed when it was for competition among businesses. Granting rebates and other malpractices in order to eliminate competitors or decrease the value of the price from another company in hoes to create a monopoly is illegal. The act also outlaws the consolidation of companies for the purpose of lessening or eliminating competition that would lead to a monopoly in any line of commerce.