LAD #24 Clayton Anti-Trust Act

An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes. It was drafted by Henry De Lamar Clayton. The act prohibited exclusive sales contracts, local price cutting to freeze out competitors, rebates, interlocking directorates in corporations capitalized at $1 million or more in the same field of business, and intercorporate stock holdings. Labor unions and agricultural cooperatives were excluded from the forbidden combinations in the restraint of trade. The act restricted the use of the injunction against labor, and it legalized peaceful strikes, picketing, and boycotts.It is illegal for someone to pay for something if they know that it is a discriminatory price. Non-profit businesses are exempted from the discrimatory law. If you are hurt in a job under the Anti-Trust act you are allowed to sue in any United States court.