USA HISTORY

Detailed explanation-1: -Whereas the Sherman Act only declared monopoly illegal, the Clayton Act defined as illegal certain business practices that are conducive to the formation of monopolies or that result from them.

Detailed explanation-2: -Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up.

Detailed explanation-3: -The Sherman Antitrust Act was amended by the Clayton Antitrust Act in 1914, which addressed specific practices that the Sherman Act did not ban. It also closed loopholes that the Sherman Act established, including those that dealt specifically with anti-competitive mergers, monopolies, and price discrimination.

Detailed explanation-4: -The Clayton Antitrust Act prohibits a number of unfair business practices, including anti-competitive mergers and predatory and discriminatory pricing; the law also allows individuals to sue corporations for unfair practices and protects the rights of workers to organize and protest businesses.

Detailed explanation-5: -Section 1 of the Sherman Act prohibits all agreements “in restraint of trade.” Section 2 of the Sherman Act bans “monopolization". the wrongful acquisition of a monopoly. The Clayton Act prohibits anticompetitive mergers, tying arrangements, and exclusive dealing agreements.