Defense and Restraints of Trade

Arnold, Thurman
May 1941
New Republic;5/19/41, Vol. 104 Issue 20, p686
Focuses on the U.S. national defense program. Statement that the defense program did not create the urgent need for American industry to produce and distribute more goods; Discussion of the importance of the ideas underlying the anti-trust laws; How the emergency management defense program is related to the administration of the anti-trust laws; View of American businessmen on the defense program; Fact that no conflict between defense production and the Sherman Act can exist so long as the defense authorities assume direct responsibility; Scope of anti-trust action is automatically readjusted as the defense authorities feel it necessary to take on further responsibility for controlling industry; Prevention of the economic sabotage of defense industries by foreign powers; Attention on the American, participants in the conspiracy have been primarily interested in restricting output and raising prices; Impact of industrial price movement upon farmers; Restriction of output and efforts to fix prices among manufacturers of Southern pine, Western pine, Douglas fir, redwood, plasterboard, hardboard, flooring and various other less important materials.


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