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lecture19_312_GovernmentReg3_SP11_overheads

lecture19_312_GovernmentReg3_SP11_overheads - Lecture#19...

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Lecture #19 April 6, 2011 Anti-Trust, Financial Capital and the push for a central bank.
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National Government Regulation begins with state regulation: Munn vs. Illinois 1877 followed by: Wabash vs. Illinois 1886 Interstate Commerce Act, 1887 Sherman Anti-Trust Act, 1890
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The Sherman Act is about size, but not exactly about size. The Act makes “conspiracy in restraint of trade” illegal. But the act is not very clear about just what constitutes a conspiracy, and what restraint of trade actually is.
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