The Clayton Antitrust Act, passed in 1914, is a significant piece of legislation aimed at preventing anti-competitive practices in the United States. It builds on the Sherman Antitrust Act by prohibiting specific business practices that may lead to monopolies or lessen competition, such as price discrimination and exclusive dealings. This act established clearer guidelines for regulating corporate behavior, particularly in relation to mergers and acquisitions, and laid the groundwork for future regulatory efforts.
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