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 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 discrimination, local price cutting, mergers that reduce competition, and exclusive sales contracts |
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Term
| Federal Trade Antitrust 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
| Robinson-Patman ACT (1936) |
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Definition
| protects small retail businesses by prohibiting wholesalers from charging small retailers higher prices than they charge large retailers and by prohibiting large retailers from 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 Acts (1976) |
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Definition
| gives states the right to sue companies on behalf of citizens harmed by the company's antitrust violations; requires large companies to notify the government of planned mergers; strengthened the federal government's power to investigate antitrust violations |
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