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Elements of Economics for High Schools (Paperback) Loot Price: R411
Discovery Miles 4 110
Elements of Economics for High Schools (Paperback): Ulysses Simpson Parker
Elements of Economics for High Schools (Paperback): Ulysses Simpson Parker

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Elements of Economics for High Schools (Paperback)

Ulysses Simpson Parker

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Loot Price R411 Discovery Miles 4 110

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...were in control of corporations representing a capital of $35,521,143,000, which is nearly one-fourth of the total wealth of the United States. 67. THE SHERMAN ANTI-TRUST LAW OF 1890. In the decade from 1880 to 1890 the movement towards monopoly under the form of the trust became rapid, and many states passed laws to forbid the formation of monopolies. These laws had little effect, because the trusts, either reorganized under forms that evaded these laws or obtained charters in states that had no anti-trust laws. In 1890 Congress passed the Sherman Anti-Trust Law, which prohibits all combinations in restraint of interstate commerce. For a number of years the Supreme Court of the United States interpreted the law so as to make it apply only to the transportation and sale of goods, and not to the process of manufacturing. But recent decisions have interpreted the law so as to include manufacturing establishments whose products enter into interstate commerce. Many important decisions have been rendered within the last few years concerning manufacturing monopolies, four of which are especially instructive. In the Standard Oil case of 1911 the government had no difficulty in proving that the holding company of New Jersey which controlled the oil interests was a monopoly, and it was dissolved and the stock handed over to the constituent companies. But the price of oil was not reduced, and the common opinion is that a gentleman's agreement and interlocking directorates prevent competition now as effectively as ever. The Tobacco Trust case had similar results. The companies were reorganized, but prices did not fall and no competition seems to exist. One of the most remarkable cases was the suit against the Beef Trust. The government spent nine years accumulating ev...

General

Imprint: Rarebooksclub.com
Country of origin: United States
Release date: May 2012
First published: December 2009
Authors: Ulysses Simpson Parker
Dimensions: 246 x 189 x 4mm (L x W x T)
Format: Paperback - Trade
Pages: 80
ISBN-13: 978-1-150-66119-8
Barcode: 9781150661198
Categories: Books
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LSN: 1-150-66119-4

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