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 word gentrification derives from gentry âwhich comes from the Old French word genterise, of gentle birth (14th century) and people of gentle birth (16th century). In England, Landed gentry denoted the social class, consisting of gentlemen.