The Celler-Kefauver Act Amends Antitrust Legislation
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics
- Subcategories: Business, Laws, Acts, Legislation, Industry, Manufacturing, Factories
- Curriculum: American History 1901-1950
- Geographical Location: Washington, D.C.
- Date: December 29, 1950
Article abstract: By prohibiting certain types of mergers between firms in the same industry, the Celler-Kefauver Act of 1950 led companies to form conglomerates made up of companies in unrelated industries.
Summary of Event
The Celler-Kefauver Act of 1950 amended the Clayton Act by closing a loophole that had allowed companies to avoid antitrust suits by acquiring the assets (rather than the stock) of another company. Government enforcement of the Celler-Kefauver Act encouraged companies to seek growth through a strategy of diversification. Thus, the...
[The entire page is 2106 words long]
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