How have global antitrust laws evolved over time?

Antitrust laws are a set of rules designed to protect competition and consumers from the unfair practices of large corporations. In Delaware, antitrust laws are enforced by the Delaware Department of Justice. Over the years, global antitrust laws have evolved to keep up with the ever-changing business environment. In 1890, the Sherman Antitrust Act was passed in the US, effectively outlawing monopolies and other anticompetitive business practices. It was then followed by the Clayton Act of 1914, which further expanded the scope of antitrust law and made it easier to prevent anti-competitive business practices. In the 20th century, global antitrust laws continued to evolve. The European Union (EU) created a new set of antitrust laws, called the Treaty on the Functioning of the European Union (TFEU), to protect competition within the EU from powerful corporations. This was followed by the US passing the Hart-Scott-Rodino Antitrust Improvements Act in 1976, which improved the way mergers and acquisitions are regulated to prevent anti-competitive practices. Furthermore, the 21st century saw the addition of global antitrust rules such as the World Trade Organization Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and the Organization for Economic Co-operation and Development (OECD) Anti-Cartel Initiative. These new laws are designed to promote competitive markets and reduce the formation of cartels. Overall, antitrust laws have evolved significantly over the years in order to combat the anti-competitive practices of large corporations. They have become increasingly complex, with a greater focus on protecting consumers from unfair market practices.

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How have global antitrust laws evolved over time?

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