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.
Gentrification can be spurred by public or private investments that increase a neighborhoodâs attractiveness. At the same time, improving neighborhoods is often a public goal held by current residents. Gentrification often means that the change has resulted in involuntary displacement of residents and businesses.