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.
Causes of Gentrification. The causes of gentrification are debatable. Some literature suggests that it is caused by social and cultural factors such as family structure, rapid job growth, lack of housing, traffic congestion, and public-sector policies (Kennedy, 2001). Gentrification can occur on a small or large scale.