Concentration and Control: A Solution of the Trust Problem in the United States

By Charles Hise R. Van | Go to book overview

CHAPTER IV
THE SITUATION IN OTHER COUNTRIES1

To describe adequately the situation regarding concentration in industry for other countries would involve for each a book as large or larger than this; therefore there can be inserted but the briefest summary of the principles which have controlled combinations and restraint of trade in several of the more important countries.


SECTION 1
ENGLAND

The situation in England is fully described by Macrosty,2 and from his book this statement is mainly taken.

As already pointed out, the law of England originally prevented combination in restraint of trade. This principle was abandoned many years ago, and the doctrine was accepted that freedom in trade gave freedom to combine as well as freedom to compete, provided the combination did not result in monopoly. Under these circumstances there have grown up extensive combination and coöperation in almost every line of industry in Great Britain; but, not being driven from one position to another by prohibition of combination, the movement toward giant holding companies or mergers has not been so far-reaching as in this country. To a considerable extent the combinations are through coöperations and federations rather than mergers, although in a number of cases consolidation has gone far; and there are

Federations rather than mergers.

____________________
1
The situation regarding industrial combinations in Europe to the year 1900 is fully described by J. W. Jenks, Report of the Industrial Commission, Vol. XVIII, pp. 343.
2
The Trust Movement in British Industry."

-203-

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