Word: preempted
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Dates: during 1940-1949
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...Sanford and Mo hawk Carpet, which owned 57.9% of the industry's productive facilities. National Biscuit Co. controlled 46.3% of all net capital assets in its industry in 1947. Armstrong Cork owned 57.9% of all the land, buildings and equipment in the linoleum industry. "Two giant organizations virtually preempt" the making of tin cans, charged the FTC report, with American Can Co. and Continental Can Co. sealing up a total of 92.1% of productive assets...