Trusts And Competition
Trusts And Competition
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3. Austria-Hungary's Steel Trust On the continents of Europe combinations in primary production seem to be so entrenched as to put the many dependent manufacturers of specialities at a more than ordinary disadvantage. The Austro-Hungarian Steel Trust affords one of the most effective cases of market control. Its benefits to investors are proved by its dividends of thirty-five to forty per cent. So complete is the mastery of the market within the kingdom that many of the smaller plants have been... closed. The policy of restricting -the output to a little above the domestic demand is unhindered, reports the U. S. Consul at Fiume (June, 1913), and the combination seldom raises the vexing ques- tion of selling at lower prices abroad than at home. An import duty on pig iron of $2. 72 a ton and of $34 on certain steel products guar- antees a home market among iron and steel users.
This large class late in 1913 organized a pro- tective association to resist the monopoly posi- tion of the steel trust.
What to read after Trusts And Competition?
You can find similar books in the "Read Also" column, or choose other free books by J Franklin John Franklin Crowell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3. Austria-Hungary's Steel Trust On the continents of Europe combinations in primary production seem to be so entrenched as to put the many dependent manufacturers of specialities at a more than ordinary disadvantage. The Austro-Hungarian Steel Trust affords one of the most effective cases of market control. Its benefits to investors are proved by its dividends of thirty-five to forty per cent. So complete is the mastery of the market within the kingdom that many of the smaller plants have been... closed. The policy of restricting -the output to a little above the domestic demand is unhindered, reports the U. S. Consul at Fiume (June, 1913), and the combination seldom raises the vexing ques- tion of selling at lower prices abroad than at home. An import duty on pig iron of $2. 72 a ton and of $34 on certain steel products guar- antees a home market among iron and steel users.
This large class late in 1913 organized a pro- tective association to resist the monopoly posi- tion of the steel trust.
What to read after Trusts And Competition?
You can find similar books in the "Read Also" column, or choose other free books by J Franklin John Franklin Crowell to read onlineMoreLess
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