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.
Calumet is a village in Calumet Township, Houghton County, in the U.S. state of Michigan's Upper Peninsula, that was once at the center of the mining industry of the Upper Peninsula. Also known as Red Jacket, the village includes the Calumet Downtown Historic District, listed on the National Register of Historic Places (NRHP). The village may itself be included within the Calumet Historic District, a larger area which is NRHP-listed and which is a National Historic Landmark District. The unincorporated towns of Blue Jacket and Newton border it on the northwest and south respectively. The population was 879 at the 2000 census. Calumet's nickname is Copper Town U.S.A.