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U.S. patent 748,626 – Patent for the first version of The Landlord's Game, Issued on Jan 5, 1904; U.S. patent 1,509,312 – Patent for the second version of The Landlord's Game, Issued on Sep 23, 1924; U.S. patent 2,026,082 – Patent awarded to C.B. Darrow for Monopoly on December 31, 1935; The History of The Landlord's Game and Monopoly.
During World War II, the British Secret Service contacted Waddingtons, as the company could also print on silk, to make Monopoly sets that included escape maps, money, a compass and file, all hidden in copies of the game sent by fake POW relief charities to prisoners of war.
American Tobacco Co. v. United States, 328 U.S. 781 (1946) after American Tobacco Co was broken up, the four entities were found to have achieved a collectively dominant position, which still amounted to monopolization of the market contrary to the Sherman Act §2; American Column & Lumber Co. v. United States, 257 US 377 (1921) information sharing
The antitrust laws entitled the federal government to regulate monopolies that had a direct impact on commerce; Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911) Standard Oil was dismantled into geographical entities given its size, and that it was too much of a monopoly; United States v. American Tobacco Company, 221 U.S. 106 ...
Orthodox economists fully acknowledge that perfect competition is seldom observed in the real world, and so aim for what is called "workable competition". [ 66 ] [ 67 ] This follows the theory that if one cannot achieve the ideal, then go for the second best option [ 68 ] by using the law to tame market operation where it can.
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From World War II until the 1970s, the Brandeisian view that high market concentration leads to anticompetitive behavior was sometimes called the Harvard School of thought because the view was primarily associated with Harvard University, including works by economists Edward Mason, Edward Chamberlain, and Joe Bain.
The theory of state monopoly capitalism (also referred as stamocap) [1] was initially a Marxist thesis popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into monopoly capitalism , but he did not publish any extensive theory about the topic.