Why Is the Clayton Act of 1914 Considered to Have

question 14

Multiple Choice

Why is the Clayton Act of 1914 considered to have been favorable to the interests of organized labor?

• A) It restricted the application of the Sherman Antitrust Act and excluded labor unions from it.
• B) It legalized collective bargaining for the first time.
• C) It declared labor to be an article of commerce.
• D) It forbade the use of injunctions by the courts to stop strikes.

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Definitions:

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

National Income

The total value of all goods and services produced by a country's economy over a specific period, including income received from abroad.

Indirect Business Taxes

Taxes imposed on goods and services that indirectly affect companies, such as sales tax or value-added tax.

Depreciation

The reduction in the value of an asset over time, often due to wear and tear or obsolescence.