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United States v. American Tobacco Company, 221 U.S. 106 (1911), was a decision by the United States Supreme Court, which held that the combination in this case is one in restraint of trade and an attempt to monopolize the business of tobacco in interstate commerce within the prohibitions of the Sherman Antitrust Act of 1890.
A monopoly has considerable although not unlimited market power. A monopoly has the power to set prices or quantities although not both. [37] A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors ...
The tobacco industry comprises those persons and companies who are engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. [1] It is a global industry; tobacco can grow in any warm, moist environment, which means it can be farmed on all continents except Antarctica .
American Tobacco Company, 221 U.S. 106 (1911) found to have monopolized the trade. American Tobacco Co. v. United States, 328 U.S. 781 (1946) after American Tobacco Co was broken up, the four entities were found to have achieved a collectively dominant position, which still amounted to monopolization of the market contrary to the Sherman Act §2
Duke wanted to be sure that he would be prepared with a multitude of tobacco styles. While Duke did gain a sort of monopoly over the tobacco industry, the Tobacco Trust's international expansion in conjunction with its consolidation of all types of tobacco “ultimately made the Trust so vulnerable to regulation and judicial dissolution”. [16]
Here at the Shenzhen offices of e-cigarette start-up RELX Technology, workers scramble to keep pace with the rush of firms vying for sales in the world’s biggest tobacco market. Founded by ...
Tobacco, alcoholic beverages, and salt were given a state monopoly in 1932; explosives and gunpowder in 1934; beer in 1939; tea and coffee in 1942; and matches in 1946. Coffee was released from the State monopoly in 1946, matches in 1952, gunpowder and explosives and beer in 1955 and tobacco in 1986.
Price, Jacob M. France and the Chesapeake: A History of the French Tobacco Monopoly, 1674–1791, and of its Relationship to the British and American Tobacco Trades (University of Michigan Press, 1973. 2 vols) online book review; Rainbolt, John C. “The Case of the Poor Planters in Virginia for Inspecting and Burning Tobacco.”