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Sponsored by Rep. Edwin Y. Webb (D) of North Carolina and Sen. Atlee Pomerene (D) of Ohio, Webb-Pomerene Act gave immunity to antitrust laws for companies that combined to operate the export trade that was essential to the war effort. The act was important because it granted exemptions from the Clayton Anti-Trust Act of 1914. Many large conglomerates that had previously been subject to Federal anti-trust investigations were now free to continue "business as usual" because they "aided" the war effort. Webb-Pomerene exemptions lasted well into the 1920s as the Federal Trade Commission granted stays of investigation for those companies that initially qualified for exemption under the 1918 act.
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