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.
Abstract. The process of gentrification is often seen as having winners and losers; the debate frequently is centred on the gentrifiers and those being displaced by them. However, the process appears to be more complex, and in many gentrifying neighbourhoods, there are residents who do not fit into these categories.