Anti Trust Laws

1374 Words6 Pages
The three Anti Trust laws consisted of the Sherman Anti Trust Act, Clayton Anti Trust Act and the Federal Trade Commission Act. The Sherman Anti Trust Act was created to bring down laws on trust. They had to create this because the company was running illegal monopolies and trusts. They thought by having this act they could prevent that. This law was also needed so the smaller companies could grow. The Clayton Anti Trust Act was just a recreated version of the Sherman Anti Trust Act. This strengthened it and added more information to the Sherman Anti Trust Act. The Clayton Anti Trust Act also provided more power for the government. The Clayton Anti Trust Act was needed to prevent price fixing. They wanted to make it illegal to manage stock from two businesses. They also wanted to exempt labor unions. The federal Trade Commission Act was created to make markets efficient. They needed to try to ensure smooth operation. The Federal Trade Commission Act also wanted to enforce customer protection and enforce Anti Trust laws. The Federal Trade Commission Act was trying to prevent fraud and deception. The act also wanted to prevent unfair business practices. Ec Knight, Northern Securities, American Tobacco, Standard oil, AT&T and Microsoft was some of the more important Anti Trust cases. The Ec Knight case was bought up in 1895. Ec Knight owned ninety percent of the sugar refineries. They were brought to court on price fixing and monopoly manufacturing. The Ec Knight case violated the Sherman Anti Trust Act. The court ruling was an eight to one. The government really couldn’t do much though because all the manufactories operations took place in one state. The Northern Securities case took place in 1902. Northern Securities was one of the largest holding companies. It was a consolidating railroad company. Northern Securities violated the Sherman Anti Trust Act. They were

More about Anti Trust Laws

Open Document