3. Trusts: A Brief History
Once upon a time, way back in the 1800s, there were several giant
businesses known as “trusts.” They controlled whole sections of the
economy, like railroads, oil, steel, and sugar.
President Theodore Roosevelt busted many trusts by enforcing what came
to be known as “antitrust” laws.
4. Antitrust Laws
The Sherman Act (1890)
The Clayton Act (1914)
Federal Trade Commission (FTC) Act (1914)
Predatory pricing
Tying
Price gouging
Refusal to deal (group boycott)
