Shared Flashcard Set

Details

Monopoly Stuff
For Heff
8
Economics
12th Grade
03/27/2012

Additional Economics Flashcards

 


 

Cards

Term
Interstate Commerce Act
Definition
one of the first antitrust legislations. Monitored Railways
Term
Sherman Act
Definition
first attempt to stop unfair trade. Very broad, very ineffective. Sort of broke up Standard Oil... but not really
Term
Clayton Act
Definition
Further defined the Sherman. Made the act more effective.Banned Price discrimination
Term
FTC Act
Definition
Formed the FTC to investigate unfair methods of competition
Term
The Robinson-Patman Act
Definition
Reiforced the clayton antitrust act. made the fight against price descrimination stronger
Term
Anti Trust Procedures and Penalties act.
Definition
Increased penalties for violating anittrust laws
Term
Parens Patriae Act
Definition
gives states the right to sue companies on behalf of citizens. Strengthened the govt power
Term
Celler Kefauver Act
Definition
Amended the clayton act to prohibit corporate acquisitions when they substantially decreased competition
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