This preview shows page 1. Sign up to view the full content.
Unformatted text preview: The government derives this power over private industry from the antitrust laws, a collection of statutes aimed at curbing monopoly power. The first and most important of these laws was the Sherman Antitrust Act, which Congress passed in 1890 to reduce the market power of the large and powerful trusts that were viewed as dominating the economy at the time. The Clayton Act, passed in 1914, strengthened the governments powers and authorized private lawsuits. As the U.S. Supreme Court once put it, the antitrust laws are a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade. But if we do merge with Amalgamated, well have enough resources to fight the anti-trust violation caused by the merger....
View Full Document
This note was uploaded on 07/30/2010 for the course ECON 120 taught by Professor Abijian during the Spring '10 term at Mesa CC.
- Spring '10