Word: cartelizing
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...world's tight trade combinations, the British-controlled diamond cartel is the best textbook example of how to control production and fix prices. U.S. businessmen have long been aware that if this cartel could be splintered, diamonds might become cheap enough to: 1) weigh down their wives' fingers; 2) drastically cut the cost of diamond drills, grinding wheels and other industrial tools. Impressed by these facts, Attorney General Francis Biddle last week set out to break up the cartel...
...charge: that G.E. and its subsidiary, International General Electric Co., Inc., have conspired for many years to restrain trade through cartel agreements with six foreign firms. Allegedly violated were the Sherman Antitrust Act and the Wilson Tariff Act, which applies many Sherman Act provisions to foreign trade...
...producing, while they waited to see what would happen next. Some of Biddle's flamboyant legal ventures-e.g., the abortive mass trial of alleged seditionists in Washington, his garishly publicized attempt to close up a Washington call-house-have come grotesque croppers. But the cartel and trade agreements suits might be more carefully handled, more determinedly pursued...
...Cartel. Britain's tall, lean-jawed Lord Swinton had steadfastly plumped for the all-powerful authority to fix plane rates, routes, and passenger and cargo quotas-in effect, he wanted to cartelize postwar air transport. Otherwise, Britain feared that the sky-filling transport fleet of the U.S. would monopolize global flying. Stubbornly, Adolph A. Berle Jr., nimble-witted chairman of the U.S. delegation, demanded the freest of competition, argued that cartelization would hamstring postwar progress in aviation...
...wheat subsidy plan, since the four major wheat-producing nations (U.S., Canada, Australia, Argentina) have divvied up the world market on a quota basis for the next year and will not be competing. But some economists believe this is also bad, since it amounts to an international Government cartel...