Word: cartellization
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Dates: during 1930-1939
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...save Germany from bankruptcy, relieve depression, stimulate foreign trade, and preserve the republic from serious political and economic disorders. His long-heralded program, signed by President von Hindenburg and issued on Dec. 8, contains the following drastic provisions: House rents and the prices of standardized articles controlled by the cartels, including coal, iron and potash, are to be cut 10 per cent. Other cartel agreements are declared void. A price commissioner, who will see that the intended reductions in prices are really effected, is appointed. Official salaries in the Reich, the States and the communes are cut 9 per cent...
Last week a big ship (the Berengaria) entered a big port (New York) carrying a big man (6 ft. 6 in. and 240 Ib. avoirdupois). He was a man who a year ago established probably the most comprehensive cartel ever set up to rescue a world industry from destruction by overproduction. Now, almost a year later, the industry is beyond all question far worse off than before; from opposite sides of the globe rumble ominous rumors of the cartel's imminent dissolution. Last week the man-Thomas Lincoln Chadbourne-on the deck of the Berengaria announced: "I am quite...
...Cartel. "A cartel without Mr. Ford would be useless and hence we are forced to continue our present wasteful, extravagant methods in spite of the depression." So last week spoke Andre Citroen, Europe-bound, after explaining that unwillingness to cooperate on Mr. Ford's part had dashed his plans for an automobile cartel (TIME, Oct. 26).* Last week Ford's world 1931 production was estimated by the New York Daily Investment News at 800,000 cars, equal to the estimate for Chevrolet, greater than that of any other competitor. Also last week, a Ford wage-cut heralded...
...motormen at the luncheon listened attentively to what M. Citroen had come to say: let there be an international cartel to limit production, eliminate too stiff world competition. Members of it would be the five biggest motormaking nations: the U. S. (80% of world production). France, England, Canada and Germany. Since many U. S. companies find in exports their margin of profit, and since the U. S. has lost ground abroad during the past two years, such a cartel might not be repugnant to big U. S. producers...
...suggesting a car cartel, M. Citroen said he did not propose to start an invasion of the U. S. market, merely wanted "a binding agreement which would prevent competition in such severe form that manufacturers would suffer." If it should materialize, the cartel would necessitate the formation of an export association in the U. S., could not affect competition in the domestic market...