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AP U.S. History 1.1 Period 7: 1890–1945. The Clayton Antitrust Act marked a new period in American labor relations because it...what?
AP U.S. History 1.2 Period 7: 1890-1945. Antitrust laws like the Clayton Act were a direct response to what development in the United States economy?
AP U.S. History 1.3 Period 7: 1890-1945. How did the rise of the corporations affect the social order of the time?
AP U.S. History 1.2 Period 7: 1890-1945 238 Views
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AP U.S. History 1.2 Period 7: 1890-1945. Antitrust laws like the Clayton Act were a direct response to what development in the United States economy?
Transcript
- 00:00
[ musical flourish ]
- 00:03
And here's your Shmoop du jour, brought to you by organized labor,
- 00:07
your mom's idea of a better chore system.
- 00:10
All right, give this excerpt a read.
- 00:12
[ mumbles ]
Full Transcript
- 00:14
[ mumbling continues ] ... and, yeah. Clayton Antitrust.
- 00:16
All, right and the question: Anti-trust laws like the Clayton Act,
- 00:19
were a direct response to what development in the U.S. economy?
- 00:23
And here are your potential answers.
- 00:25
[ cow moos ]
- 00:27
First off, let's remember what was happening in the U.S.
- 00:29
economy at this time.
- 00:30
Industrialization meant tons and tons of goods produced
- 00:34
by bigger and bigger corporations.
- 00:36
So consumer access to all kinds of fun new stuff?
- 00:38
Great. But sometimes this increase in production efficiency
- 00:42
came at a cost to consumers, as well.
- 00:44
Let's see what the Clayton Act was trying to fix.
- 00:47
Was the Clayon Act a direct response to A -
- 00:49
the growing reliance on immigrant labor?
- 00:52
Well, actually, cheap immigrant labor was a key factor
- 00:54
in the rapid growth of the industrial economy, so these laws
- 00:57
didn't really relate to them. That knocks out A.
- 00:59
Could the Clayton Act have been a response to B -
- 01:01
the political pressure of agricultural producers?
- 01:04
Well, these antitrust laws were almost exclusively focused
- 01:06
on the industrial domestic economy,
- 01:09
not agriculture or foreign markets.
- 01:11
So that's lights out for B and D.
- 01:13
That means the Clayton Act was a direct response to C -
- 01:16
the rise of corporations and company mergers.
- 01:19
After the Sherman Act of 1890,
- 01:21
more company mergers occurred than at any other point
- 01:23
in American history. Instead of forming cartels,
- 01:26
which the law prohibited, companies
- 01:28
could just merge with each other and form corporations
- 01:31
enjoying the same benefits that the cartels did.
- 01:33
The Clayton Act tried to put a stop to all that, so C is the right answer.
- 01:36
You know, if you're ever looking for a great loophole, forget Grandma.
- 01:40
Ask a corporate lawyer.
- 01:42
[ rooster crows ]
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