Business / Agriculture / Capper-Volstead Act: P.L. 67-146 (February 18, 1922), with a bit of exaggeration, is sometimes called the Magna Carta of Cooperation. The law was passed in response to challenges made against cooperatives using the Sherman Antitrust Act, the Clayton Antitrust Act, and the Federal Trade Commission Act. It gave 'associations' of persons producing agricultural products certain exemptions from antitrust laws. The law carries the names of its sponsors, Senator Arthur Capper of Kansas and Congressman Andrew Volstead of Minnesota.
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Business / Agriculture / Clayton Act: A 1914 law that supplemented the Sherman Anti-Trust Act of 1890 by clarifying market activities (including those in agriculture) considered to be monopolistic or trade-restraining. The Capper-Volstead MORE
Business / Agriculture / Sherman Anti-Trust Act: The 1890 law is considered the foundation of federal anti-monopoly policy. Passed partly as an outgrowth of congressional investigations into alleged price collusion among large meat packers, the law MORE