Term
| Interstate Commerce Act (1887) |
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Definition
| created the intersate Commerce Commission (ICC) ot oversee railroad rates; currently 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 conspiracies that would restrain interstate trade or cause monopolies to form |
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Term
| Clayton Antitrust Act (1914) |
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Definition
| clarified and strengthened the Sherman Antitrust Act by prohibiting price descrimination, local price cutting, mergers that reduce competitoin, and exclusive sales contracts |
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Term
| Federal Trade Commission Act (1914) |
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Definition
| created the Federal Trade Commission (FTC) to investigate charges of unfair methods of competition and commerce |
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Term
| Robinson-Patman Act (1936) |
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Definition
| (also called Antiprice Descrimination Act) protects small retail businesses by prohibiting wholeslaers from charging small retailers higher prices than they charged large retailers and by prohibiting large retailers form setting artificially low prices |
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Term
| Celler-Kefauver Act (1950) |
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Definition
| amended the Clayton Act to prohibit corporate acquisitions when they substantially 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
| Parens Patriae Act (1976) |
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Definition
| gives states the right to sue companies on behalf of citizens harmed by the company's antitrust violations |
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