Word: antitrust
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Dates: during 1940-1949
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...they rammed the first effective fair-trade act through the California legislature; it gave manufacturers and retailers the power to fix the resale price of commodities bearing a trademark. Later, the National Association of Retail Druggists lobbied the same law through other state legislatures. Fearing a clash with federal antitrust laws, the druggists in 1937 drummed the Miller-Tydings Act through Congress. It enabled many others besides druggists to fix prices...
Stainless? The Department of Justice announced that 18 makers of stainless steel-roughly the U.S. steel industry- had consented to a decree in an antitrust suit that banned them from fixing prices and "employing other restraints of trade." The steelmen said that, as they had already conformed with most of the provisions, they saw no reason to bring the case to trial...
Under the proposed agreement-which antitrust has tentatively approved-RKO would be split into two companies, one to make and distribute movies, one to operate RKO theaters. Both would be owned by the present stockholders (Hughes, with 24% of the outstanding common, is the biggest). Since that seemed like just another name for the same thing, the other members of the Big Five-Paramount, Loew's Inc. (M-G-M), Warner Bros., 20th Century-Fox - watched hopefully to see whether Hughes could placate the trustbusters that easily...
...League for Reaction, opposed to Communists, the CIO, the AF of L, capital gains taxes, and additional antitrust laws, and for superiority of industry over labor, the reduction of taxes, a high tariff, ERP, aid to China, and property qualifications for voting, has been formed and will hold its first meeting within the next two weeks...
Trust-Busted. In a federal court in Manhattan, the Department of Justice won a skirmish in its antitrust battle (TIME, Oct. 4). Eight of the biggest U.S. tiremakers* and the Rubber Manufacturers' Association, all charged with conspiring to fix prices and discounts, were fined a total...