CARTELS: On the Block

Since war's end, many an impatient squawk has been sounded against the U.S. Military Government for failing to do "something" about Germany's cartels —though hardly anybody knew what the something should be. Last winter, a civilian committee headed by Federal Trade Commissioner Garland Ferguson trotted off to see if the squawking was justified. The group reported that it was.

Decartelization—dissolution of agreements to control prices, markets, etc.—was not going along satisfactorily. Furthermore, deconcentration—the actual sale of assets held or controlled by the cartels—had got nowhere, partly because of Allied political differences....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!