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What is the 'Clayton Antitrust Act' The Clayton Antitrust Act is an amendment passed by U.S. Congress in 1914 that provides further clarification and substance to the Sherman Antitrust Act of 1890 on topics such as price discrimination, price fixing and unfair business practices.
They Clayton Anti- Trust Act was passed in order to expand the previous Sherman Anti- Trust Act by outlawing price discrimination, and "interlocking directorates". This made it so individuals in companies could no longer serve as directors of "competing" firms