Antitrust Legislation Term Paper by Nicky

Antitrust Legislation
A history of antitrust legislation in the US.
# 128645 | 1,947 words | 4 sources | MLA | 2010 | US


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Description:

This paper explores the evolution of antitrust laws and discusses the relevance of these changes today. The background is given for several different legislative acts, including an in-depth discussion of the Sherman Antitrust Act. The paper also examines case law which invoked the Sherman Act. Another law that is analyzed is the Clayton Antitrust Act. Several paragraphs are also dedicated to a discussion of the Hart-Scott-Rodino Act (HSR) of 1976. The paper then traces how modern antitrust law differs from earlier legislation, stating that it shifted in focus from reactive enforcement to preventative enforcement. Despite this, the paper concludes that the underlying principles of antitrust law have not changed that much.

From the Paper:

"One of the key tenets of the Sherman Act was the effective prohibition of monopolies (Section 2). While they not explicitly banned, monopolistic activities that are deemed have a detrimental impact on competition are. This flows from the belief that antitrust laws need to be in place to protect consumers from unfair trade practices, and that such practices are detrimental to the health of the nation overall. Thus innocent monopolies, defined as those earned by merit, were allowed but monopolies acquired by other means were not. The other key tenet of the Sherman Act was to ban collusion between competitors that would represent a restraint of trade (Section 3)."

Sample of Sources Used:

  • Sherman Act of 1890, passed by the US Congress. Retrieved November 14, 2008 from http://www.classbrain.com/artteenst/publish/article_127.shtml
  • Clayton Act of 1914, passed by the US Congress Retrieved November 14, 2008 from http://www.stolaf.edu/people/becker/antitrust/statutes/clayton.html
  • Kovacic, William E. & Barnett, Thomas O. Hart-Scott-Rodino Annual Report Fiscal Year 2007. Federal Trade Commission & Department of Justice, Antitrust Division. Retrieved November 14, 2008 from http://www.ftc.gov/os/2008/11/hsrreportfy2007.pdf
  • Hart-Scott-Rodino Act of 1976, passed by US Congress. Retrieved November 14, 2008 from http://www.ftc.gov/bc/docs/statute.pdf

Cite this Term Paper:

APA Format

Antitrust Legislation (2010, July 30) Retrieved August 15, 2022, from https://www.academon.com/term-paper/antitrust-legislation-128645/

MLA Format

"Antitrust Legislation" 30 July 2010. Web. 15 August. 2022. <https://www.academon.com/term-paper/antitrust-legislation-128645/>

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