Question

1. explain the rise of anti-trust laws in the late 19^th
2. How did anti-trust laws shift after WW1? (WW1 ended in 1918)
3. What does the documentary mean that anti-trust laws depend on politics more than any other area of law?

Answer 1

In late 19th century make separate laws and policies emerged for railways and financial concerns by banks and insurance companies. Advocates of antitrust laws explain the requirement of free competition and individual business in the US economy. This Act makes the abolition of illegal monopoly. The competition policy leads to the emergence of this Act. Trust is a legal device used to coordinate multiple property owners through unified law. Use of trust for industrial consolidations leads the implementation of the Act in different countries. This law regulate business competition, focusing on coordination among firms and business tactic used in the monopolisation of industries.
After the First World War, US emerged as a big power and it enhance the trade relation with other countries. New communication and transportation facilities were induced. The antitrust law remain a political agenda. The development of American economy leads a political background. Globally the political power of US increased. There is the emergence of foreign relations.