All 8 Uses
antitrust
in
Fast Food Nation
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- In 1947, GM and a number of its allies in the scheme were indicted on federal antitrust charges.†
p. 16.8 *antitrust = related to laws intended to promote free competition in the market place
- The Sherman Antitrust Act had been passed in 1890 after a congressional investigation of price fixing in the meatpacking industry, and for the next two decades the federal government tried to break up the Beef Trust, with little success.†
p. 137.3
- Afraid that an antitrust trial might end with an unfavorable verdict, the five meatpacking companies signed a consent decree in 1920 that forced them to sell off their stockyards, retail meat stores, railway interests, and livestock journals.†
p. 137.6
- A decade later, the Reagan administration allowed these firms to merge and combine without fear of antitrust enforcement.†
p. 137.9
- On the contrary, it opposed using antitrust laws to stop the giant meatpackers.†
p. 158.6
- One of his grandfathers headed a Texas cattleman's association during the early 1900s and led the fight against the Beef Trust, testifying before Congress and calling for strict enforcement of the antitrust laws.†
p. 255.8
- The antitrust laws outlawing such behavior need to be vigorously enforced.†
p. 266.6
- More than a century ago, during the congressional debate on the Sherman Antitrust Act, Henry M. Teller, a Republican senator from Colorado, dismissed the argument that lower consumer prices justified the ruthless exercise of monopoly power.†
p. 266.7
Definitions:
-
(1)
(antitrust) related to laws intended to promote free competition in the market placeWhen antitrust laws were originally enacted, companies that colluded to the disadvantage of consumers were called "trusts" -- hence the name "antitrust" (since "anti" is a prefix meaning "against").
- (2) (meaning too rare to warrant focus)