Word: anti-trust
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...happens that the packing business is regulated by a Federal Statute, "The Packers and Stockyards Act," which specifically governs it. This statute, supplementing the broad provisions of the Sherman Anti-Trust Law, forbids, inter alia, restraint of trade...
...Adopted a resolution for an investigation by the Federal Trade Commission into alleged violations of the Anti-Trust Law by the American Tobacco Co. and the General Electric Co. (See Page...
...Interstate Commerce Commission was set up to prevent the latter. In 1890, the Sherman Anti-Trust Act was passed to prevent the former. Later, the Federal Trade Commission was set up to aid in suppressing such practices and the Clayton Act to prevent interlocking directorates was passed. Meanwhile, the trusts were continuing. Things were getting bad and the country was getting frightened. Arthur T. Hadley, then President of Yale, conservative as he was, admitted, along about 1900, his fear that within 25 years the country would be ruled by an economic emperor at Washington...
...only after the anti-trust law had been on the statute books for about a dozen years that action was taken. Theodore Roosevelt was in the White House. He gave the word to Attorney General Knox. First there were investigations and publicity, then prosecutions. One after another, trusts were knocked on the head and compelled to disintegrate. In 1904 and 1905, the Northern Securities, the Beef Trust, the Addyston Pipe Co. were dispatched. Later came the Standard Oil case (which lasted for five years before the company lost and was dissolved) and the American Tobacco Co. case...
...General Electric Co., where the first investigation strikes, was not in existence when the Sherman Anti-Trust Law was passed. Two years later, in 1892, Charles A. Coffin founded it by combining the Edison General Electric Co. and the Thompson-Houston Electric Co. Even after this combination, it was a comparatively small concern engaged in the manufacture of electrical apparatus. Now it has plants in 40 cities, em ploys over 74,000 men and its stock approaches...