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The Justice Department and FTC lost most of the monopolization cases they brought under section 2 of the Sherman Act during this era. One of the government's few anti-monopoly victories was United States v. AT&T, which led to the breakup of Bell Telephone and its monopoly on U.S. telephone service in 1982. [30]
La Follette stated that his chief goal was to break the "combined power of the private monopoly system over the political and economic life of the American people", [3] and he called for government ownership of railroads and electric utilities, cheap credit for farmers, the outlawing of child labor, stronger laws to help labor unions ...
The movement draws inspiration from the anti-monopolist work of Louis Brandeis, an early 20th century United States Supreme Court Justice who called high economic concentration “the Curse of Bigness” and believed monopolies were inherently harmful to the welfare of workers and business innovation.
In 2020, Dayen published Monopolized: Life in the Age of Corporate Power (2020), on the way monopolies define everyday life, presenting examples from different industries. [11] Bryce Covert, reviewing the book in The Nation , said, "Dayen shows [that] monopolies make it harder for workers to wield power when there are fewer and fewer employers ...
Keppler's 1889 cartoon depicts monopolists as dominating American politics as the "Bosses of the Senate". The Bosses of the Senate is an American political cartoon by Joseph Keppler, [1] [2] published in the January 23, 1889, issue of Puck magazine. [3] [4] The cartoon depicts the United States Senate as a body under the control of "captain of ...
Initially "E. Goodwin and Brother", the company was founded before the American Civil War. It was known for its cigarette brands "Gypsy Queen" and "Old Judge". In 1890, the company was merged, along with four others, into James Buchanan Duke's American Tobacco Company [1] to create an American monopoly on tobacco product manufacturing and retail.
In response to his distress, other independent automobile makers formed a group called the Manufacturers Mutual Association to breathe new life into Winton's legal defense. Formed by Henry Bourne Joy of Packard and Frederic L. Smith of Olds, the two entrepreneurs used their position to threaten the Electric Vehicle Company. The MMA called for ...
The American heritage history of American business & industry, (ISBN 0070011567) (1972), very well illustrated; Ingham, John N. Biographical Dictionary of American Business Leaders (4 vol. 1983); 2014pp; scholarly essays covering 1159 major business leaders excerpt v. 2. Ingham, John N. and Lynne Feldman.