Antitrust and Trade Regulation laws aim to promote free competition in the marketplace. Agreements or cooperative efforts by two or more entities that affects or restrains competitors is illegal under these laws. The Sherman Act makes illegal any contract, combination, or conspiracy in restraint of trade or commerce and makes monopolies and attempts, combinations, or conspiracies to monopolize illegal. The Clayton Act regulate price discrimination, tying and exclusive dealing contracts, stock acquisition and interlocking directorates.
Waltham is a city in Middlesex County, Massachusetts, United States, billed by the Chamber of Commerce as the "birthplace of the American industrial revolution", and an early center for the labor movement. The original home of the Boston Manufacturing Company, the city was a prototype for 19th century industrial city planning. The city is now a center for research and higher education, home to Brandeis University and Bentley University. The population was 59,226 at the census in 2000. Waltham is commonly referred to as Watch City because of its association with the watch industry. Waltham Watch Company opened its factory in Waltham in 1854 and was the first company to make watches on an assembly line. It won the gold medal in 1876 at the Philadelphia Centennial Exposition. The company produced over 40 million watches, clocks and instruments before it closed in 1957.