1976 Hart- Scott Rodino Antitrust improvement Act- Strengthened governments enforcements of antitrust laws, companies must notify plans of mergers or acquisitions in advance 2004 Antitrust criminal penalty enhancement and reform act, increased maximum criminal penalty
BMAL 560 PLACES: Longest standing policy in the United States Europe following WWII showed attention to Antitrust laws All companies and organizations seek rules of competition and fair trade Countries involved in Antitrust laws include Unites States, Canada, Europe, Japan, Russia, Pakistan, and other industrialized developed nations. Japan has fair trade commission Canada combines investigation act PHRASES: US Supreme court calls antitrust “A charter of freedom” (Freyer) Called the “Bill of rights” of free enterprise in American system Called the “Magna Carta” of free enterprise Known as “trust busters” for its track record of deregulations in the rail road industry, oil company, tobacco company, US Steel corporation, Alcoa aluminum, Dupont Chemicals, AT&T, & Microsoft . Denotes big businesses Cartels- denotes big business Countries outside the US antitrust laws are called competition laws. PICTURES: 536 × 332 Map of where Antitrust laws are set in place
BMAL 560 PROSPECTS: Protects consumers against unfair business practices and purchasing power
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- Summer '14