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.
Levittown is a hamlet in the Town of Hempstead located on Long Island in Nassau County, New York. Levittown is mid way between the villages of Hempstead and Farmingdale. As of the 2000 census, the community had a total population of 53,067. Levittown gets its name from its builder, the firm of Levitt & Sons, Inc. founded by William Levitt, which built the district as a planned community between 1947 and 1951. William Levitt is considered the father of modern suburbia. Levittown was the first truly mass-produced suburb and is widely regarded as the archetype for postwar suburbs throughout the country.