Term
| Interstate Commerce Act- 1887 |
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Definition
| regulates railroads, motor vehicles, and other freight carriers |
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Term
| Sherman Antitrust Act- 1890 |
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Definition
| prohibits any agreements, contracts, or conspiricies that would restrain trade or cause monopolies to form |
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Term
| Clayton Antitrust Act- 1914 |
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Definition
| prohibited PRICE DISCRIMINATION, local price cutting, mergers that reduce competition, and exclusive sales contracts |
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Term
| Federal Trade Commision Act- 1914 |
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Definition
| created the FTC to investigate charges of unfair competition and commerce |
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Term
| Robinson-Patman Act- 1936 |
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Definition
| protects small retail businesses from price discrimination |
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Term
| Celler Kefauver Act- 1950 |
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Definition
| amended the Clayton Act. prohibits corporate acquistions when they decrease competition |
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Term
| Antitrust Procedures and Penalties Act- 1975 |
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Definition
| increased penalties for violating antitrust laws |
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Term
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Definition
| states can sue companies on behalf of citizens harmed by antitrust violations, companies must notify government about planned mergers. |
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