Word: cartelized
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Dates: during 1940-1949
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...publicity-hating brother, Edward K. Davis, 64, president of Canada's Aluminium, Ltd., was on the stand for six weeks, while Government lawyers tried to prove that Aluminium, Ltd. was the corporate stooge of Alcoa and its link with the international aluminum cartel. All told, the Government and the defense filled 58,000 pages with testimony of these and other witnesses, brought 1,803 exhibits into court. Then, in 1940, the Government and the defense rested...
...stated policy of the U.S. on cartels is "down with 'em." In the opinion of many a U.S. businessman, this uncompromising attitude is only half a solution. It leaves unsolved the problem of developing a booming postwar trade with cartel-minded nations. Last week, the potent National Foreign Trade Council, Inc., whose 700 members expect to do the bulk of this trading, put out its own solution...
Where's the Meeting Ground? Adept at winding his way through the jungle of international trade laws, Thomas wanted to arrive at a common meeting ground for U.S. free enterprise and cartels. He discovered little to comfort free traders. His survey found no hope that the U.S., despite its mighty economic power, could force an agreement from other nations to end cartel-dealing in the postwar trade world. Instead it concluded that the cartelization of European industry, compulsory in some countries in prewar days, would not be changed by the peace. In fact, there may be even greater cartelization...
Take It or Leave It. This tight control enabled the cartel to shut off industrial diamonds from the Axis. But it has also irritated the U.S. In 1942 the U.S., worried lest the Nazis grab all of Africa, and its diamonds, tried to stockpile them in the U.S. The Trading Company said...
...stones are unsatisfactory, he can only grit his teeth. All sales are final. Actually, these highhanded arrangements are less the normal workings of a cartel than a shrewd defense against such suits as Biddle's. In effect the cartel, legal in Britain, holds that by selling only in London it does not do business...