Anti Trust facts
While investigating facts about Antitrust Laws and Antitrust, I found out little known, but curios details like:
"In God We Trust" was placed on all U.S. bills during the Cold War as a way to express the United States' anti-communist beliefs
identify how wilson pursued his antitrust goals?
Senator John Sherman, author of the Sherman Anti-Trust Act, said "If we will not endure a king as a political power we should not endure a king over the production, transportation, and sale of any of the necessaries of life."
Antitrust?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what's antitrust policy. Here are 17 of the best facts about Antitrust Movie and Antitrust Definition I managed to collect.
what's antitrust law?
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In March 2011, Korea’s anti-trust regulator went to a Samsung facility in Suwon to raid the building, looking for evidence of possible collusion between the company and wireless operators to fix the prices of mobile phones. Before investigators could get inside employees began eating documents.
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AT&T held an absolute monopoly on all telephone service in the United States for 100 years until it was broken up in 1984 due to anti-trust regulations. Most cell phone companies today are descendants of AT&T including Verizon and AT&T (formerly Southwestern Bell).
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Comic book distribution is monopolized by one company, Diamond. Marvel, DC, Image, etc. have all had exclusive contracts with them since the 90's or before. After a federal investigation, Diamond were cleared of violating anti-trust laws since they don't monopolize all forms of literature.
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In 2002, Microsoft faced over 100 class-action lawsuits over anti-trust issues. Microsoft proposed a settlement in which it would have donated $1 billion in money, software, services, and training to underprivileged schools. The judge rejected the proposal as anti-competitive.
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In 1982 the US government filed an anti-trust lawsuit against AT&T which forced them to spin out several smaller companies which, as of 2006, have all been rebought and merged back into AT&T.
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The Sherman Anti-Trust Act makes it a felony for entities to conspire in the restraint of trade or commerce and makes it a felony to monopolize trade or commerce.
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The federal government has given Baseball an anti-trust exemption. This allows baseball to safely run without fear of competition, block sales, block moves, and many other things a normal business is not allowed.
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Marvel almost got the lisence for DC's superheroes but backed out of the deal due to an unrelated anti-trust lawsuit.
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President William H. Taft launched more anti-trust cases during his first four years in office than in the last seven years of the Theodore Roosevelt administration who later gained the reputation of being a trust-buster
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Nixon was a raging anti-semite. The 37th president was recorded on White House tapes railing against Jews, blaming them for a rise in unemployment and dissatisfaction with the Vietnam War, infiltrating government, and for being generally disloyal, saying, "You can't trust the bastards."
Why antitrust laws are important?
You can easily fact check why antitrust laws were created by examining the linked well-known sources.
In 1986, the USFL won an anti-trust lawsuit against the NFL and was awarded damages of $1, which tripled to $3 under anti-trust laws. After an appeal of attorney fees and cost of litigation fees of around 5 million, the NFL finally paid the USFL $3.76 in 1990. The check has yet to be cashed.
Donald Trump launched The United States Football League(USFL) to compete with the NFL in 1983. When the USFL failed, Trump filed an anti-trust lawsuit against the NFL. The court ruled that the NFL did indeed monopolize pro football, but only award damages of just $1. - source
Major League Baseball is exempt from anti-trust laws. - source
Operation Trust was a counterintelligence operation of the Soviet Union. The operation, which ran from 1921 to 1926, set up a fake anti-Bolshevik resistance organization, "Monarchist Union of Central Russia", in order to help identify real monarchists and anti-Bolsheviks.
Converse's Jack Purcell sneaker was actually created by their one-time rival PF Flyers and was retained after anti-trust litigation broke them up when the two companies merged in the 1970's. - source
