The Bosses of the Senate in the context of Robber baron (industrialist)


The Bosses of the Senate in the context of Robber baron (industrialist)

⭐ Core Definition: The Bosses of the Senate

The Bosses of the Senate is an American political cartoon by Joseph Keppler, published in the January 23, 1889, issue of Puck magazine.

The cartoon depicts the United States Senate as a body under the control of "captains of industry". Robber barons representing trusts in various industries, depicted as obese, domineering, and powerful figures with swollen money bags for bodies, with their nature being juxtaposed with that of the senators of the 50th Congress, who Keppler implies are under the industrialists' control. The cartoon discusses with concern the rise of industry in the Gilded Age, the expanding influence of monopolies and trusts, and the role of American lobbying. It is generally recognized as an early antitrust cartoon that played a role in the development of the Sherman Antitrust Act.

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The Bosses of the Senate in the context of United States antitrust law

In the United States, antitrust law is a collection of mostly federal laws that govern the conduct and organization of businesses in order to promote economic competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. Section 1 of the Sherman Act prohibits price fixing and the operation of cartels, and prohibits other collusive practices that unreasonably restrain trade. Section 2 of the Sherman Act prohibits monopolization. Section 7 of the Clayton Act restricts the mergers and acquisitions of organizations that may substantially lessen competition or tend to create a monopoly. The Robinson–Patman Act, an amendment to the Clayton Act, prohibits price discrimination.

Federal antitrust laws provide for both civil and criminal enforcement. Civil antitrust enforcement occurs through lawsuits filed by the Federal Trade Commission (FTC), the Antitrust Division of the U.S. Department of Justice, and private parties who have been harmed by an antitrust violation. Criminal antitrust enforcement is done only by the Justice Department's Antitrust Division. Additionally, U.S. state governments may also enforce their own antitrust laws, which mostly mirror federal antitrust laws, regarding commerce occurring solely within their own state's borders.

View the full Wikipedia page for United States antitrust law
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