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.
Consequences of Gentrification. In certain respects, a neighborhood that is gentrified can become a âvictim of its own success.â The upward spiral of desirability and increasing rents and property values often erodes the very qualities that began attracting new people in the first place.