Read e-book online Antitrust and the Formation of the Postwar World (Columbia PDF

By Wyatt Wells

Today antitrust legislation shapes the coverage of just about each huge corporation, regardless of the place founded. yet this wasn't continually the case. ahead of global struggle II, the legislation of such a lot commercial nations tolerated or even inspired cartels, while American statutes banned them. within the wake of global conflict II, the USA dedicated massive assets to development a liberal monetary order, which Washington believed used to be essential to maintaining not just prosperity but in addition peace after the warfare. Antitrust was once a cornerstone of that coverage. This interesting e-book indicates how the us sought to impose—and with what results—its antitrust coverage on different international locations, specially in Europe and Japan.

Wyatt Wells chronicles how the assault on cartels and monopoly in another country affected every little thing from power coverage and exchange negotiations to the profession of Germany and Japan. He indicates how a small workforce of zealots led by way of Thurman Arnold, who turned head of the Justice Department's Antitrust department in 1938, designated cartels and big businesses through the global: IG Farben of Germany, Mitsui and Mitsubishi of Japan, Imperial Chemical Industries of england, Philips of the Netherlands, DuPont and basic electrical of the us, and extra. Wells brilliantly exhibits how as a result, the architects of the postwar economy—notably Lucius Clay, John McCloy, William Clayton, Jean Monnet, and Ludwig Erhard—uncoupled political ideology from antitrust coverage, reworking Arnold's attempt right into a ability to advertise enterprise potency and inspire competition.

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Antitrust and the Formation of the Postwar World (Columbia Studies in Contemporary American History) by Wyatt Wells


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