By Wyatt Wells

Today antitrust legislation shapes the coverage of virtually each huge corporation, regardless of the place based. yet this wasn't constantly the case. prior to global warfare II, the legislation of so much business international locations tolerated or even inspired cartels, while American statutes banned them. within the wake of global battle II, the us dedicated huge assets to construction a liberal financial order, which Washington believed was once essential to conserving not just prosperity but additionally peace after the battle. Antitrust used to be a cornerstone of that coverage. This attention-grabbing ebook indicates how the USA sought to impose—and with what results—its antitrust coverage on different international locations, specially in Europe and Japan.

Wyatt Wells chronicles how the assault on cartels and monopoly out of the country affected every thing from power coverage and exchange negotiations to the career of Germany and Japan. He exhibits how a small workforce of zealots led by way of Thurman Arnold, who grew to become head of the Justice Department's Antitrust department in 1938, special cartels and massive businesses through the global: IG Farben of Germany, Mitsui and Mitsubishi of Japan, Imperial Chemical Industries of england, Philips of the Netherlands, DuPont and common electrical of the us, and extra. Wells brilliantly exhibits how in this case, the architects of the postwar economy—notably Lucius Clay, John McCloy, William Clayton, Jean Monnet, and Ludwig Erhard—uncoupled political ideology from antitrust coverage, reworking Arnold's attempt right into a capacity to advertise enterprise potency and inspire competition.

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Antitrust and the Formation of the Postwar World (Columbia Studies in Contemporary American History) by Wyatt Wells


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