Word: cartelism
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Chief buyers were not individual big names but a small, mysterious cartel of French and Dutch art dealers who were suspected of acting for interests in the U. S. Highest price paid (by Editor Alfred M. Frankfurter of the U. S. Art News) was $39,400 for the famous van Gogh Self Portrait which used to hang in the State Gallery at Munich. Manhattan Dealer Pierre Matisse paid $945 for his famed father's Three Women, from the Folk Museum at Essen. Principal acquisitions of the Franco-Dutch cartel were Picasso's Soler Family (1903), from Koln...
Potash politics come easy to Europe's masters of power politics. Europe's Cartel is about two-thirds Potash Syndicate of Germany, some French, less Polish. Its bankers are British. Spain, an independent producer, thoroughly undercut the trust's prices in 1933 and 1934. But in the spring of 1935 the Syndicate, thanks to German control of Spain's oldest potash company, made a tentative deal with Spain. Immediately the world price snapped back from its trade...
This deal was soon voided when Spain's Republican Government nationalized the potash fields. Since Russian potash (fully occupied feeding the soil of the steppes) was the only other European rebel against Cartel discipline, German and French potash magnates sniffed the rise of a rival Socialist combine. So did their London bankers and sales agents-J. Henry Schroder & Co.-a firm which is an economic booster of the Rome-Berlin Axis. Franco's victory ended their fears, brought Spain back into the potash axis...
...trees in the Federal forest is the contention that when Arthur Vining Davis organized Aluminium Ltd. in 1928, he had no intention of making it a competitor of Alcoa. What he did want, the Government said, was to reach through Aluminium Ltd. into the world aluminum cartel and share international trade with Swiss, German, French and British aluminum monopolies on a nice, friendly basis, with an ugly throat-cutting all laid out for any upstart competitors...
...time of the World War the German steel cartel, or Stahlwerksverband, which included the Krupp armament works, was practically coterminous with the entire German steel industry. Fettered at home, competition was directed outward, against the industries of other nations; and throughout Germany the professors were quarreling over the concepts of State Socialism and State Capitalism, and wondering which was which. Meanwhile the Kaiser and court were fearful that the Socialists in the Reichstag (the Social Democratic Party had 112 seats out of 397 in 1912) might forget their "revisionist" doctrines and adopt the naked class war propounded by Karl Marx...