Sample Student Essays Question:
This had created a problem for workers, who needed to organize to balance the equal bargaining power against their employers. The Sherman Act had also triggered the largest wave of mergers in US history, as businesses realized that instead of creating a cartel they could simply fuse into a single corporationand have all the benefits of market power that a cartel could bring.
At the end of the Taft administration, and the start of the Woodrow Wilson administration, a Commission on Industrial Relations was established. During its proceedings, and in anticipation of its first report on October 23,legislation was introduced by Alabama Democrat Henry De Lamar Clayton Jr.
The Clayton Act passed by a vote of to 54 on June 5, Though the Senate passed its own version on September 2,by a vote of 46—16, the final version of the law written after deliberation between Senate and the Housedid not pass the Senate until October 5 and the House until October 8 of the next year.
Contents[ edit ] The Clayton Act made both substantive and procedural modifications to federal antitrust law. Substantively, the act seeks to capture anticompetitive practices in their incipiency by prohibiting particular types of conduct, not deemed in the best interest of a competitive market.
There are 4 sections of the bill that proposed substantive changes in the antitrust laws by way of supplementing the Sherman Antitrust Act of In those sections, the Act thoroughly discusses the following four principles of economic trade and business: Comparisons to other acts[ edit ] Unilateral price discrimination is clearly outside the reach of Section 1 of the Sherman Act, which only extended to "concerted activities" agreements.
Exclusive dealing, tying, and mergers are all agreements, and theoretically, within the reach of Section 1 of the Sherman Act. Likewise, mergers that create monopolies would be actionable under Sherman Act Section 2. Section 7 of the Clayton Act allows greater regulation of mergers than just Sherman Act Section 2, since it does not require a merger-to-monopoly before there is a violation.
It allows the Federal Trade Commission and Department of Justice to regulate all mergers, and gives the government discretion whether to give approval to a merger or not, which it still commonly does today. The government often employs the Herfindahl-Hirschman Index HHI test for market concentration to determine whether the merger is presumptively anticompetitive; if the HHI level for a particular merger exceeds a certain level, the government will investigate further to determine its probable competitive impact.
Section 7[ edit ] Section 7 elaborates on specific and crucial concepts of the Clayton Act; " holding company " defined as "a company whose primary purpose is to hold stocks of other companies",  which the government saw as a "common and favorite method of promoting monopoly"  and a mere corporated form of the 'old fashioned' trust.
Another important factor to consider is the amendment passed in Congress on Section 7 of the Clayton Act in This original position of the US government on mergers and acquisitions was strengthened by the Celler-Kefauver amendments ofso as to cover asset as well as stock acquisitions.(Doc G)" Wilson's deliberation and stubbornness was in fact a huge factor in the failure of the Treaty of Versailles.
advocating the League of Nations and criticizing both Wilson's stubbornness and 5/5(1). Though the Senate passed its own version on September 2, , by a vote of 46–16, the final version of the law (written after deliberation between Senate and the House), did not pass the Senate until October 5 and the House until October 8 of the next year.
DBQ assigned on the Federal Government & Laissez Faire Politics, Labor in the Gilded Age and/or Booker T.
Washington vs. W.E.
B. DuBois Unit FRQs will include: Compare and contrast the attitudes of THREE of the following toward the wealth that was created in . Wilson's Ineptitude Stubbornness Dbq Ap History President Wilson's own ineptitude and stubbornness is what led to the Senate's defeat of the Treaty of Versailles, rather than the strength of the opposing forces.
MA: Quiz/testing vocabulary, identifications, facts and themes, mapping, Roosevelt and Wilson reaction paper; Treaty of Versailles DBQ. 11) The Roaring ‘20s and the Great Depression (2 weeks) To recognize the importance of the s and the significance of the impact of the Great Depression on the U.S.
socially, politically, and economically. AP United States History – This course has been audited and approved by the AP Standards board. Course Overview. AP U.S. History at Adair County High School is a year long course taught on the trimester block (75 minutes).