Anti-Trust

Sherman Anti-Trust Act of 1890: Forbade combinations in restraint of trade without any distinction between good and bad trusts. However, it proved ineffectives because it contained legal loopholes in which lawyers of big corporations could wiggle through.

Clayton Anti Trust Act of 1914: Much stronger than Sherman's Act of 1890 by lengthening 'objectionable' business practices such as price discrimination and interlocking directorates. In addition to that, it conferred long overdue benefits on labor. It sought to exempt labor and agricultural organizations from antitrust persecution, while legalizing strikes and peaceful picketing.