Clayton Anti-Trust Act of 1914

The Clayton Anti-Trust Act of 1914 created the Federal Trade Commission and contained major amendments to firm up the antitrust statutes of the Sherman Anti-Trust Act of 1890. After much discussion and compromise, the act was supported by labor and agriculture interests and signed by President Woodrow Wilson on October 15, 1914. The Sherman Act was the first major regulatory legislation to govern business and it became apparent by 1914 that the law had some vague language that needed to be corrected to tighten up industry regulations. Wilson's ...