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Definition
| created the Interstate Commerce Commission to oversee railroad rates; currently regulates railroads, motor vehicles, and other freight carriers |
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Definition
| prohibits any agreements, contracts, or conspiracies that would restrain interstate trade or cause monopolies to form. |
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Definition
| clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local price cutting, mergers that reduce competition, and exclusive sales contracts |
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| Federal Trade Commission Act |
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Definition
| created the Federal Trade Commission to investigate charges of unfair methods of competition and commerce. |
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Term
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Definition
| protects small retail businesses by prohibiting wholesalers from charging small retailers higher prices than they charged large retailers and by prohibiting large retailers from setting artificially low prices. |
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Definition
| amended the Clayton Act to prohibit corporate acquisitions when they substantially decrease competition. |
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| Antitrust Procedures and Penalties Act |
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Definition
| increased penalties for violating antitrust laws |
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Term
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Definition
| gives states the right to sue companies on behalf of citizens harmed by the companys antitrust violations; requires larges companies to notify government of planned mergers; strenghthened the federal government's power to investigate antitrust violations. |
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