This website uses cookies to ensure you have the best experience. Learn more

Egt1 Task 3 Essay

1165 words - 5 pages

A. Summarize the four major pieces of legislation collectively known as the Antitrust Laws.
Sherman Act of 1890- The resentment of trusts from the public that manifested in the 1870’s and 1880’s resulted in the Sherman Act of 1890. The core of the act is divided into two parts: In section 1 it states how every contract whether it’s combined in the form of a trust or scheme in control of trade or commerce among several states or with other nations is declared to be illegal. Section 2 simply states every person who monopolizes or even tries to monopolize or combine with conspiring with anybody that monopolizes any part of the trade or commerce among few of the states or with foreign nations shall be founded guilty and receive a felony. The Sherman act was against and prohibited all trade and monopolization. Presently the U.S. Department of Justice, the FTC better known as the Federal Trade Commission, wounded parties usually private, or state attorney generals can file antitrust suits against those who violate the act. The courts can issue injunctions to stop practices that are anticompetitive or if necessary break up those who monopolize into firms that compete. At one time it seemed that the Sherman Act was great and provided a strong foundation for positive government actions against business monopolies but it became clear later in the years that a more explicit statement of the government antitrust sentiments was needed.
The Clayton Act of 1914 – This act was constructed and contained the amplification of the Sherman Act that were desired by the government. The Clayton Act contains four parts that were constructed to strengthen and make precise the purpose of the Sherman Act. Section 2 talks about price discrimination when discrimination is not vindicated on the foundation of cost differences and when it cuts back competition. Section 3 talks about stopping tying contracts where a producer necessitate that buyers buy another one of its products as a stipulation for acquiring a desired product. Section 7 stops the possession of stocks of corporations that’s trying to compete when the conclusion would be less competition.
Federal Trade Commission Act of 1914 – is responsible for creating the five member Federal Trade Commission (FTC) which has mutual responsibilities with the U.S. Justice department for enforcing the antitrust laws. This act gives the FTC the power to scrutinize unfair competitive prices on its own or when injured firms request them to investigate. When complaints are made the FTC can hold public forums to discuss the issue. The FTC also has the power to issue cease and desist orders if they discover iniquitous methods of commerce in certain cases. In 1938 the Wheeler Lea Act was created. This amended the FTC with additional responsibilities of investigating illusory acts or practices in commerce.
The Celler-Kaufauver Act – is an act that amends the Clayton Act. This act forbids firms from trying to unite with cutthroat firms...

Find Another Essay On EGT1 Task 3

Psychological Egoism Theory Essay

2240 words - 9 pages The theory of psychological egoism is indeed plausible. The meaning of plausible in the context of this paper refers to the validity or the conceivability of the theory in question, to explain the nature and motivation of human behavior (Hinman, 2007). Human actions are motivated by the satisfaction obtained after completing a task that they are involved in. For example, Mother Teresa was satisfied by her benevolent actions and

How Celtic Folkore has Influenced My Family

1587 words - 6 pages of us into the people that we are today. These pieces of Celtic folklore have shown me parts of my family that I never knew existed, and they are links to my past, present and future. Works Cited Browne, Ray B., William John Roscelli, and Richard J. Loftus. The Celtic Cross; Studies in Irish Culture and Literature. Freeport, NY: for Libraries, 1970. Print Desmond, Colm. Personal Interview. 3 November 2011. O'Brien, Máire, and

Julia Margaret Cameron

1406 words - 6 pages At a time when women were looked upon as being homemakers, wives, mothers and such the late 1850's presented a change in pace for one woman in specific. Photography was discovered in 1826 and soon after the phenomenon of photography was being experimented with and in turn brought new and different ways of photo taking not only as documenting real time, but also conceptualizing a scene in which an image would be taken. Julia Margaret Cameron will

Evaluation of School Improvement

1403 words - 6 pages Georgiaville Middle School, November, 2011. Nolan, J. F. (2008). Teacher supervision and evaluation: Theory into practice 2nd ed. Hoboken, NJ: John Wiley & Son, Inc. Oliva, P. (2009). Developing the curriculum for educational management corporation. Garland, TX: Addison Wesley. Wang, S., & Hsua, H. (2008). Reflections on using blogs to expand in-class discussion. TechTrends, 52(3), 81-85. Retrieved from

Case Study: The Benefits of Animal Testing

1757 words - 7 pages Nine year old Amy has already had a rough start in life. She was born with an abnormal heart that hinders her everyday activities. Amy is unable to keep up with kids her own age because she often tires out easily. As a consequence, she has very little friends and is often alone. Amy is forced to take different medications everyday just to survive. Amy’s life consists of medicine, doctors, and constant hospital visits. However, Amy is due for a

Myth and Magic: Realism in "One Hundred Years of Solitude"

1531 words - 6 pages “He enjoyed his grandmother's unique way of telling stories. No matter how fantastic or improbable her statements, she always delivered them as if they were the irrefutable truth” (Wikipedia, 2011). Experiences are particular instances of one personally encountering or undergoing something and in these moments of time life changes for the best or the worst and memories are formed. These recollections such as riding your first bicycle, going to

Adiponectin: a Novel Indicator of Malnutrition and Inflammation in Hemodialysis Patients

2384 words - 10 pages considered to be the main cause of malnutrition in these patients (2). Adiponectin is a cytokine which is exclusively produced by adipose tissue and has multiple roles in glucose and lipid metabolism, insulin resistance and inflammation (3). Generally, adiponectin has an inverse relationship with the degree of adiposity (4). Serum levels of adiponectin were reported to be two times higher in hemodialysis patients than general population (5). Moreover

The Congo Free State: A Legacy of Apathy, Exploitation and Brutality

2298 words - 9 pages , allows the sap to slowly trickle into it.” While Rubber collection was a particularly difficult task, The Congolese and other African workers were not paid much to gather the highly demanded resource. The African workers in the Congo wages were “Mitakos-pieces of brass wire about six inches long,” which according to Canisus, was equal to a half penny. Canisus determined that the payment in mitakos “Could not be considered excessive in view of the

Selective Exposition in The Lottery, by Shirley Jackson

1073 words - 4 pages Usually when someone hears the word “lottery” the first thing that comes to mind is a large sum of cash that people compete against highly impractical odds to win. Shirley Jackson’s story The Lottery might imply a similar conception based on the title alone, but the story is filled with unknowns never revealing exactly when and where the story takes place, or why the lottery exists; even what the lottery is isn’t revealed until the very end. Yet


1857 words - 7 pages INTRODUCTION I remember when I was a young child; I would always be scared whenever there was a severe storm outside that included thunder and lightning. This was especially true in the hours of darkness, when you could really see the lightning. As I grew older this so-called fear of lightning turned into a fascination for this weather phenomena. One of my most vivid memories of lightning as a young man was when I was flying to Florida, the

Maryland's Ecology and Environment

1130 words - 5 pages did during the 20th century, resulting in potentially 1-foot rise by 2050 and between 2-3 feet of rise by 2100. (“Fighting Climate Change” 2011) I believe Maryland will fare better than parts of the world that lack the money and resources that are in this area when it comes to climate change. While the state of Maryland will be better able to adapt to the changes climate change produces, the state will still suffer if our ecosystems and

Similar Essays

When The Bubble Burst Essay

1539 words - 6 pages By the time I arrived state side from my second tour in the Middle East the housing bubble had already burst. I noticed a drastic change in the way that many of my friends and family were living. Several of my friends that worked in real estate had sold their boats and seconds houses. My own stock portfolio had lost a third of its value. My sister and her husband had defaulted on their home mortgage leaving them scrambling for a place to live. I

Phase Diagram Essay

4456 words - 18 pages the degree of the freedom of the system in this case is F = 1 + C - P = 3 - P. Therefore, there is a maximum of 3 phases present in the binary system. At the eutectic point, all 3 distinct phases are in equilibrium consequently the degree of the freedom of the system is now F = 3-3 = 0. In sum, the eutectic point is fixed. Works Cited Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium

Revolutionary Work Of Art Essay

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art

Enlightenment Thought In New Zealand Schools

1594 words - 6 pages In this essay I will be looking at how the political and intellectual ideas of the enlightenment have shaped New Zealand Education. I will also be discussing the perennial tension of local control versus central control of education, and how this has been affected by the political and intellectual ideas of the enlightenment. The enlightenment was an intellectual movement, which beginnings of were marked by the Glorious Revolution in Britain