Term
| interstate commerce act (1887) |
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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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Term
| sherman anti trust act (1890) |
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Definition
| prohibits any agreements contracts or conspiricies that would restrain interstate trade or cause monopolies to form. |
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Term
| clayton anti turst act (1914) |
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Definition
| clarified and strenghtened the sherman anti trust act by prohibiting price discriminations local price cutting mergers that reduce competition and eclusive sales contracts |
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Term
| federal trade commission act (1914) |
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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
| robison patman act (1936) |
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Definition
| protects small retail business by prohibiting wholesalers from charging small retailers higher prices than theycharge large retailers and by prohibiting large retailers from setting artifcially low prices. |
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Term
| celler kefauver act(1950) |
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Definition
| amended the clayton act to prohibit corporate acqusitions when they substanially decrease competition. |
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Term
| anti trust procedues and penalty act |
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Definition
| icreased penallties for violating anti trust laws |
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Term
| parens patriae act (1976) |
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Definition
| gives states the right to sue companies on behalf of citizens harmed by the companys anti trust violations requires large companies to notify the government of planned mergers strengthend the federal government s power to investigate anti trust violations. |
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