The Clayton Act

The Clayton Act is a U.S. law enacted in 1914 to prevent anti-competitive practices in business. It builds on earlier antitrust laws by addressing specific practices that could lead to monopolies or unfair competition. Key provisions include prohibiting price discrimination, exclusive dealing contracts, and mergers that significantly reduce competition. Essentially, the Clayton Act aims to promote fair competition and protect consumers by ensuring that businesses compete on equal footing, rather than engaging in practices that could harm competitors or limit consumer choices.