Clayton Antitrust Act, 1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890. It was drafted by Henry De Lamar Clayton.
DEFINITION of 'Gentrification'. Gentrification refers to a process of urban renewal wherein a neighborhood or city develops economically so that original residents are displaced. It is often defined by an influx of wealthier residents and businesses, resulting in an increase in property values.
The risk of displacement from gentrification was capable of changing the incentives that residents have to engage in any of the variety of activities that can improve a community. The risk of displacement that is characteristic of gentrification imposes a social cost on the neighborhood.