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LAD #27: Clayton Anti-Trust Act
The Clayton Anti-Trust Act has three sections, Section 2, Section 3, and Section 7. In Section 2, the act states that discounts for specific groups or people is illegal. Lowering the price of goods or services for different people is not allowed. However, different prices based on the quality of the item sold or based on competition is allowed, but not to gain a monopoly. Section 3 states that it is illegal to sell a contract for discounts on goods to gain a monopoly on an industry. Finally, Section 7 states that it is illegal to purchase stock of a competitors company. No company can in anyway buy that stock because it would lessen competition.
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This legislation reminded me of Rockefeller's Standard Oil Company because he employed many of these tactics to build his monopoly on the oil industry.
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