Word: cartels
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Dates: during 1940-1949
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North American Philips is an invasion force, one of the newest arms of Holland's rich, world-powerful N. V. Philips Gloeilampenfabrieken (Incandescent Lamp Works Co.), of Eindhoven. Back of North American Philips are $250 million in assets, brains, familiarity with cartel pricing agreements and patent pools that in a generation made Philips of Eindhoven virtual master of Europe's radio and light-bulb industry. N.A.P., born in 1942, is already a tough baby...
...Senator Harley M. Kilgore, sweating and aggressive, paraded official witnesses before his subcommittee on war mobilization. His aim was to compile information for anti-cartel legislation. What emerged was proof that industrial Germany had been neither defeated nor destroyed, and that only a strong Allied policy could keep down the German will...
Other tactics were more obscure. Records of technological and research advancements were destroyed or carefully hidden. Nazi laws forbidding export of capital were eased to permit German industries to build up assets abroad. German industrialists hoped to strengthen themselves through international borrowing and cartel agreements, weakening the will of the Allies to take punitive measures...
Pont), Philadelphia's Röhm & Haas Co., and seven other officials of the two companies, of conspiring with Britain's Imperial Chemicals Industries, Ltd., and Germany's I. G. Farbenindustrie Akt., and Röhm & Haas, G.m.b.H., of Darmstadt, Germany, to operate a worldwide cartel in acrylic resins (Plexiglas, Lucite), used as windshields on airplanes, etc. They were accused of controlling the production, sale and price of these plastics and of dividing up the world markets...
Besides a moral victory, the Government had little more to cheer about. Alcoa had at one time, the court found, tried to freeze out competing aluminum-sheet plants by charging more than a "fair price" for ingots. And Aluminium, Ltd. had also entered an illegal cartel, through the Alliance of Aluminium Cie. of Switzerland, which restricted imports of aluminum into...