Webb–Pomerene Act
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Webb–Pomerene Act
The Webb–Pomerene Act was a law passed in 1918 that exempted certain exporters' associations from certain antitrust regulations. Sponsored by Rep. Edwin Y. Webb (D) of North Carolina and Sen. Atlee Pomerene (D) of Ohio, the act granted immunity from antitrust Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust l ... regulation to companies that combined to operate the export trade that was essential to the war effort. The act was important because it granted exemptions from the Clayton Antitrust Act of 1914. Many large conglomerates that had previously been subject to Federal antitrust investigations were now free to continue "business as usual" because they "aided" the war effort. Webb-Pomerene exemptions lasted well into the 1920s as the Federal Trade Commission granted stays of inv ...
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Edwin Y
The name Edwin means "rich friend". It comes from the Old English elements "ead" (rich, blessed) and "ƿine" (friend). The original Anglo-Saxon form is Eadƿine, which is also found for Anglo-Saxon figures. People * Edwin of Northumbria (died 632 or 633), King of Northumbria and Christian saint * Edwin (son of Edward the Elder) (died 933) * Eadwine of Sussex (died 982), King of Sussex * Eadwine of Abingdon (died 990), Abbot of Abingdon * Edwin, Earl of Mercia (died 1071), brother-in-law of Harold Godwinson (Harold II) *Edwin (director) (born 1978), Indonesian filmmaker * Edwin (musician) (born 1968), Canadian musician * Edwin Abeygunasekera, Sri Lankan Sinhala politician, member of the 1st and 2nd State Council of Ceylon * Edwin Ariyadasa (1922-2021), Sri Lankan Sinhala journalist * Edwin Austin Abbey (1852–1911) British artist * Edwin Eugene Aldrin (born 1930), although he changed it to Buzz Aldrin, American astronaut * Edwin Howard Armstrong (1890–1954), American inve ...
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Atlee Pomerene
Atlee Pomerene (December 6, 1863November 12, 1937) was an American Democratic Party politician from Ohio. He represented Ohio in the United States Senate from 1911 until 1923. Biography Pomerene was born on December 6, 1863, in Berlin, Holmes County, Ohio, and his spouse was Mary Bockrus Pomerene. He studied at Princeton University and the University of Cincinnati Law School. Career He began practicing law in Canton, Ohio, in 1886. After serving in a variety of city, county, and state positions as solicitor and prosecutor, Pomerene was elected the 31st lieutenant governor of Ohio in 1910. He briefly served in the post in early 1911 before being elected by the State Legislature to the U.S. Senate. Pomerene was re-elected in 1916, but narrowly lost a bid for a third term six years later. Pomerene was appointed by President Calvin Coolidge to serve as a special prosecutor to deal with the Teapot Dome scandal. He ran unsuccessfully for the other U.S. Senate seat from Ohio in 1926 an ...
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Antitrust
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territorial boun ...
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Clayton Antitrust Act
The Clayton Antitrust Act of 1914 (, codified at , ), is a part of United States antitrust law with the goal of adding further substance to the U.S. antitrust law regime; the Clayton Act seeks to prevent anticompetitive practices in their incipiency. That regime started with the Sherman Antitrust Act of 1890, the first Federal law outlawing practices that were harmful to consumers (monopolies, cartels, and trusts). The Clayton Act specified particular prohibited conduct, the three-level enforcement scheme, the exemptions, and the remedial measures. Like the Sherman Act, much of the substance of the Clayton Act has been developed and animated by the U.S. courts, particularly the Supreme Court. Background Since the Sherman Antitrust Act of 1890, courts in the United States had interpreted the law on cartels as applying against trade unions. This had created a problem for workers, who needed to organize to balance the equal bargaining power against their employers. The Sherman Act ...
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