Anti-Trust Laws

Paper Summary:

Economics is oftentimes shaped by societal conditions and political decisions. Such is the case with business operations in the United States. Antitrust laws have gradually emerged to reflect the values and perspectives of American society. This paper presents a discussion of the historical context of anti-trust laws, an examination of individual antitrust laws and amendments and an overview of the implications such regulations have had on specific companies.

From the Paper:

"Just as the Sherman Antitrust Act affected some businesses, so too did the Clayton Act, its amendments, and the FTC. In the Standard Oil Co. of California and Standard Stations, Inc. versus the U.S. suit, the court declared the companies' tying agreements a violation of the Clayton Act and therefore illegal as they restricted free commerce. A similar decision was made regarding IBM after it was uncovered that the corporation required buyers of its computers to also purchase its brand-name punch cards (Dolan, 1983, pp. 253 & 254). A breach of the Celler-Kefauver Anti-merger Act was cited in a case involving Von's Grocery Company. The court ruled its merger with Shopping Bag Food Stores a violation of the Celler-Kefauver Anti-merger Act in that such an action decreased competition, albeit modestly (Dolan, pp. 252 & 253)."

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