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US: Clayton Antitrust Act celebrates its centennial

By  |  October 16, 2014

This week marks the 100th anniversary of the passage of the Clayton Antitrust Act, which was signed into law on October 15, 1914.

President Woodrow Wilson signed the legislation that established workers’ unions were not “conspiracies” under the law, allowing unions to strike and boycott employers. The Act also prohibits mergers and acquisitions that would lead to a lessoning in competition.

Under the Clayton Act, anyone considering a merger must notify the deal to the Department of Justice and Federal Trade Commission.

The Clayton Act followed the Sherman Act, established in 1890.

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