Word: ownership
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Dates: during 1920-1929
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...business enterprises of late, such as his railroad or his huge new development at River Rouge. "Lateral" trusts-i.e., mergers of industries of the same sort-are forbidden by the Sherman Anti-Trust Law on the grounds of restraint of trade. But for the "vertical trust," involving ownership of all productive and transportation facilities needed for manufacture of a product there is no legal prohibition. This is the kind of trust that Henry Ford is creating...
Government ownership and operation advocated by Senator Norris...
...most telling point made against the Ford offer was that by it the Government would lose for all time its nitrate plants, steam plants and Waco Quarry and receive for them only $5,000,000, whereas under the other plans the Government would retain ownership of plants as well as dams, and receive probably as great or greater profit. Major General C. C. Williams, Chief of Ordnance of the War Department, estimated that under the Ford Plan the Government would receive $115,906,896 in 50 years; under the Power Companies Plan $134,909,320; and under the Hooker-White...
...Hearst has incorporated under the laws of California a holding company known as the Hearst Publications, Inc., which will acquire ownership of eleven Hearst publications, including the San Francisco Examiner, San Francisco Call-Post, Los Angeles Examiner, Los Angeles Evening Herald, Oakland Post-Enquirer, Good Housekeeping, Cosmopolitan, Harper's Bazaar, Motor and Motor Boating. A prominent firm of Wall Street investment bankers will underwrite and distribute a 6½% first mortgage issue of over $12,000,000 for the new holding company...
...investigate the question with the care and study which are necessary. In this respect, knowledge of economics was an absolute necessity, he said. According to Professor Carver, the following definition of socialism is the only one which will definitely divide the socialist from the non-socialist: "Socialism is the ownership and operation of all means of production by government, public, or community, whichever you prefer to call...