Word: caa
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Dates: during 1940-1949
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...public utilities until the Air Mail Purge hit the industry in 1934. By the time that was over big holding companies like North American and United Aircraft & Transport had been forced to unscramble; their airline and manufacturing subsidiaries were summarily divorced. And one big aim of the CAA Act was to see that they stayed apart. Over inter locking directorates and stock controls CAA wields a dictator's power...