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Sherman Antitrust Act
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==Provisions== ===Original text=== The Sherman Act is divided into three sections. Section 1 delineates and prohibits specific means of anticompetitive conduct, while Section 2 deals with end results that are anti-competitive in nature. Thus, these sections supplement each other in an effort to prevent businesses from violating the spirit of the Act, while technically remaining within the letter of the law. Section 3 simply extends the provisions of Section 1 to U.S. territories and the District of Columbia. {{blockquote|Section 1: :Every contract, combination in the form of [[Trust (19th century)|trust]] or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal. Section 2: :Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a misdemeanor [. . . ]}} ====Subsequent legislation expanding its scope==== {{unreferenced section|date=July 2022}} The [[Clayton Antitrust Act]], passed in 1914, proscribes certain additional activities that had been discovered to fall outside the scope of the Sherman Antitrust Act. The Clayton Antitrust Act added certain practices to the list of impermissible activities:<ref>{{Cite book |last=Mochoruk |first=James |title=The Oxford Encyclopedia of American Business, Labor, and Economic History |publisher=Oxford University Press |year=2013 |isbn=9780199738816 |editor-last=Dubofsky |editor-first=Melvyn |location=New York |chapter=Clayton Antitrust Act}}</ref> * price discrimination against competing companies<ref name=":0">{{Cite web |title=Clayton Antitrust Act |url=https://www.law.cornell.edu/wex/clayton_antitrust_act#:~:text=The%20Clayton%20Antitrust%20Act%20of,directors%20for%20two%20competing%20companies. |access-date=2024-09-28 |website=LII / Legal Information Institute |language=en}}</ref> * conditioning sales on "exclusive dealing" agreements * one person serving on the board of directors for two competing companies * mergers and acquisitions that may significantly reduce market competition The Clayton Antitrust Act specifically states that unions are exempt from this ruling.<ref name=":0" /> The [[Robinson–Patman Act]] of 1936 amended the Clayton Act. The amendment proscribed certain anti-competitive practices in which manufacturers engaged in price discrimination against equally-situated distributors.
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