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The Clayton Antitrust Act was the first successful anti-monopoly legislation. By successful, it did not prevent monopolies completely, but at least had the support to be enforced. It, along with the Sherman Antitrust Act, would serve as the models for future legislation relating to monopolies.
However, the FTC Act covers a wider range of consumer protections than the Sherman Antitrust and Clayton Acts. It works as an umbrella law to prevent unfair practices such as fraud, oppression and violations of public policy in regards to abusive market competition. If a company violates either the Sherman Antitrust Act or the Clayton Act, it can be held liable under the Federal Trade Commission Act.