anti-trust

(noun)

A set of laws that ensures no company dominates an industry (i.e. creates a monopoly).

Related Terms

Examples of anti-trust in the following topics:

  • Anti-Trust Laws

    • Wilson sought to encourage competition and curb trusts by using the Federal Trade Commission to enforce the Clayton Antitrust Act.
    • In addition to the Underwood tariff, which seemed to finally resolve the political debate over tariff rates, and the creation of the Federal Reserve, Wilson also supported anti-trust legislation.
    • Wilson deviated from his presidential predecessors, who relied on lawsuits to break trusts and monopolies, by founding a new trustbusting approach through encouraging competition through the Federal Trade Commission.
    • Rather than the piecemeal success of Roosevelt and Taft in targeting certain trusts and monopolies in lengthy lawsuits, the Clayton Antitrust Act effectively defined unfair business practices and created a common code of sanctioned business activity.
    • Wilson uses tariff, currency and anti-trust laws to prime the pump and get the economy working in a 1913 political cartoon.

  • What is legal risk?

    • In anti-trust for instance, the United States law covers only situations where the violation affects the US, (meaning that it does not matter where the act causing the violation took place), while the EU considers only where the antitrust offense was implemented (Shaffer et al., 2005, pgs 657-664).

  • The Progressive Era

    • Wilson helped end the long battles over the trusts with the Clayton Antitrust Act of 1914.
    • President Wilson uses tariff, currency, and anti-trust laws to prime the pump and get the economy working.

  • Rockefeller and the Oil Industry

    • John Davison Rockefeller was the founder of the Standard Oil Company, a business trust which dominated the oil industry.
    • He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.
    • This organization proved so successful that other giant enterprises adopted this "trust" form.
    • In 1890, Congress passed the Sherman Antitrust Act — the source of all American anti-monopoly laws.
    • In 1909, the US Department of Justice sued Standard under federal anti-trust law, the Sherman Antitrust Act of 1890, for sustaining a monopoly and restraining interstate commerce.

  • The Varieties of Progressivism

    • More, not less, regulation was necessary to ensure that society operated efficiently, and therefore, most progressives believed that the federal government was the only suitable power to combat trusts, monopolies, poverty, deficits in education, and economic problems .
    • United States antitrust law is the body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices.
    • Presidents Theodore Roosevelt and William Howard Taft supported trust-busting.
    • During their presidencies, the otherwise-conservative Taft brought down 90 trusts in four years while Roosevelt took down 44 in 7 1/2 years in office.
    • Wilson uses tariff, currency and anti-trust laws to prime the pump and get the economy working in a 1913 political cartoon.

  • Regulation and Antitrust Policy

    • U.S. antitrust law is a body of law that prohibits anti-competitive behavior (monopolization) and unfair business practices.
    • Originally, these types of laws emerged in the U.S. to combat "corporate trusts," which were big businesses.
    • The Department of Justice is home to the U.S. anti-trust enforcers.

  • The Square Deal

    • Trusts and monopolies became the primary target of Square Deal legislation.
    • By 1904, 318 trusts including those in railroads, local transit, and banking industry controlled two-fifths of the nation's industrial output.
    • One of Roosevelt's first notable acts as president was to deliver a 20,000-word address to Congress asking it to curb the power of large corporations (called "trusts").
    • For his aggressive use of United States antitrust law, he became known as the "trust-buster".
    • During both his terms, Roosevelt tried to extend the Square Deal by pushing the federal courts and Congress to yield to the wishes of the executive branch on all subsequent anti-trust suits.

  • Populism and Religion

    • In his three presidential bids, he promoted Free Silver in 1896, anti-imperialism in 1900, and trust-busting in 1908, calling on Democrats to fight the trusts (big corporations) and big banks, and embrace anti-elitist ideals of republicanism.
    • Bryan then launched an anti-evolution campaign.

  • Regulation

    • United States antitrust law is the body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices.
    • Presidents Theodore Roosevelt and William Howard Taft supported trust-busting.
    • Passed under the presidency of Benjamin Harrison, it prohibits certain business activities that federal government regulators deem to be anti-competitive, and requires the federal government to investigate and pursue trusts.
    • One of the well-known trusts was the Standard Oil Company; John D.
    • To be harmful, a trust had to somehow damage the economic environment of its competitors.

  • Anti-Qing Sentiment