The Clayton antitrust act is just an amendment that provides further clarification and substance to the sherman anti trust act of 1940 which was a federal law prohibiting any contract, trust or conspiracy in restraint of interstate or foreign trade. This was one of the first major legislation passed to address business practices associated with cartels and oppressive monopolies. The Feder trade commission Act was established the Federal trade commission, it outlaws unfair methods of competition and outlaws unfair acts or practices that affect commerce.