Word: cartel
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Dates: during 1940-1949
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...President J. Howard Pew attacked the Anglo-American oil agreement as a cartel. "What is this," cried he, "but a cartel? Such arrangements in international trade are exactly what we call at home monopolistic practices or combinations in restraint of trade...
...Ohio's Senator Robert Taft also attacked the oil agreement. Said he: "While one department of the Administration was cracking down on cartels, another was setting up what might be the biggest cartel of all time...
...182John W. White, president of Westinghouse Electric International Co., asked: "Is there a common acceptance of a definition of what the word cartel means...
...Cartel Hater. The man who sketched this picture was balding, dimple-chinned Wendell Berge (rhymes with dirge), 41, boss of the antitrust division. Berge had gone West to present his case, making seven anti-cartel speeches along the way. Before that, he had done the spadework for the Administration's campaign, with 28 indictments now pending...
...such an interchange many a U.S. industrialist has found himself, willy-nilly, in a cartel. Berge favors registration of all such agreements with the antitrust division, thus giving it the power to annul them, if advisable, without court action...