United States Gunpowder Trade Association

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The United States Gunpowder Trade Association (also known as the powder trust or the gunpowder trust) was a trade association of major American powder manufacturers which coordinated pricing for powder from 1872 to 1912. [1] [2] The cartel was dissolved through a Supreme Court ruling in 1912, which found it guilty of violating the Sherman Antitrust Act. [3] [4] [5]

Some of the companies that were part of the cartel included Hazard Powder Company, DuPont, Laflin & Rand Powder Company, Delaware Securities Company, Delaware Investment Company, Eastern Dynamite Company, California Investment Company, and Judson Dynamite and Powder Company. [4]

Further reading

References

  1. ↑ Elzinga, Kenneth G. (1970). "Predatory Pricing: The Case of the Gunpowder Trust". The Journal of Law & Economics. 13 (1): 223–240. ISSN   0022-2186.
  2. ↑ Stevens, William S. (1912). "The Powder Trust, 1872-1912" . The Quarterly Journal of Economics. 26 (3): 444–481. doi:10.2307/1883532. ISSN   0033-5533.
  3. ↑ "POWDER COMPANY PROFITS.; They Have Grown Larger Since Dissolution of Trust". New York Times. 1912.
  4. 1 2 Stevens, William S. (1912). "The Dissolution of the Powder Trust" . The Quarterly Journal of Economics. 27 (1): 202–207. doi:10.2307/1882675. ISSN   0033-5533.
  5. ↑ "POWDER TRUST SPLIT INTO THREE PARTS; Unless du Pont Companies Comply with Decree Their Business Will Be Enjoined". New York Times. 1912.


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