THE PROGRESSIVE ERA 1900 1917
PROGRESSIVE POLITICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Roosevelt
|
|
|
Taft
|
|
|
Wilson
|
|
|
None of the above
|
Detailed explanation-1: -The US Congress passed the bill in June 1914, and President Woodrow Wilson later signed it into law. The Clayton Antitrust Act sought to address the weaknesses in the Sherman Act by expanding the list of prohibited business practices that would prevent a level playing field for all businesses.
Detailed explanation-2: -The Clayton Antitrust Act is a piece of legislation, passed by the U.S. Congress and signed into law in 1914, that defines unethical business practices, such as price fixing and monopolies, and upholds various rights of labor.
Detailed explanation-3: -Section 7 of the Clayton Act prohibits mergers and acquisitions where the effect “may be substantially to lessen competition, or to tend to create a monopoly.” As amended by the Robinson-Patman Act of 1936, the Clayton Act also bans certain discriminatory prices, services, and allowances in dealings between merchants.