Cement Manufacturers Agree to Cooperate on Pricing
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Economics
- Subcategories: Business, Trade, Commerce, Industry, Manufacturing, Factories
- Curriculum: American History 1901-1950
- Geographical Location: Pennsylvania
- Date: 1902
Article abstract: Formation of the Association of American Portland Cement Manufacturers, a short-lived trade association, marked the beginning of a concerted effort to cooperate on pricing to avoid harmful competition.
Summary of Event
In the century following the close of the Civil War, three great waves of mergers—combinations of two or more previously independent enterprises into a single enterprise—swept the American economy. The first wave, from 1899 to 1904, accounted for the disappearance of nearly thirteen hundred firms, a figure almost...
[The entire page is 2147 words long]
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