TAILIEUCHUNG - Gale Encyclopedia Of American Law 3Rd Edition Volume 1 P34

Gale Encyclopedia of American Law Volume 1 P34 fully illuminates today's leading cases, major statutes, legal terms and concepts, notable persons involved with the law, important documents and more. Legal issues are fully discussed in easy-to-understand language, including such high-profile topics as the Americans with Disabilities Act, capital punishment, domestic violence, gay and lesbian rights, physician-assisted suicide and thousands more. | 318 ANTITRUST LAW restrictive practices and monopoly power. Although activities such as price-fixing still came under attack other kinds of business cooperation flourished and even received official encouragement during the early years of the new deal. This pattern lasted for a good 15 years intensifying after the stock market crash of 1929. Following what historians called the era of neglect antitrust made a resurgence. In 1935 the . Supreme Court struck down President Franklin D. Roosevelt s National Industrial Recovery Act which coordinated industry-wide output and pricing in ALA Schechter Poultry Corp. v. United States 295 . 495 55 S. Ct. 837 79 L. Ed. 1570. The decision radically affected New Deal-era policy. The following year Congress passed the Robinson-Patman Act in an attempt to make sense of the Clayton Act s bans on price discrimination. The Robinson-Patman Act explicitly forbade forms of price discrimination in order to protect small producers from extinction at the hands of larger competitors. By 1937 economic decline brought federal antitrust enforcement back with a vengeance as Roosevelt s administration began an extensive investigation into monopolies. The effort resulted in more than 80 antitrust suits in 1940 alone. one federal court case in this period United States v. Aluminum Co. of America 148 416 2d Cir. 1945 Alcoa changed antimonopoly law for years to come. Since the 1920s the . Supreme Court had looked skeptically on the role of a business s size in judging monopoly cases. In United States v. United States Steel Corp. 251 . 417 40 S. Ct. 293 64 L. Ed. 343 1920 it said T he law does not make mere size an offense or the existence of unexerted power an offense. It we repeat requires overt acts. The decision weakened the monopoly ban of the Sherman Act. Rather than focus on abusive business conduct Alcoa emphasized the role of market power. Judge Learned Hand wrote for the Court Many people believe that possession of .

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