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The monopoly position of the Bell System in the U.S. was ended on January 8, 1982. AT&T Corporation proposed by in a consent decree to relinquish control of the Bell Operating Companies, which had provided local telephone service in the United States. [1]
The Bell System was a system of telecommunication companies, led by the Bell Telephone Company and later by the American Telephone and Telegraph Company (AT&T), that dominated the telephone services industry in North America for over 100 years from its creation in 1877 until its antitrust breakup in 1983.
The Willis Graham Act of 1921 effectively established telephone companies as natural monopolies, citing that "there is nothing to be gained by local competition in the telephone industry." [ 1 ] The law effectively released AT&T from terms of its Kingsbury Commitment , allowing the company to acquire competing telephone companies under the ...
United States v. AT&T, 552 F.Supp. 131 (1982), was a ruling of the United States District Court for the District of Columbia, [1] that led to the 1984 Bell System divestiture, and the breakup of the old AT&T natural monopoly into seven regional Bell operating companies and a much smaller new version of AT&T.
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The terms required the breakup of the Bell System, including removing local telephone service from AT&T control and placing business restrictions on the divested local telephone companies in exchange for removing other longstanding restrictions on what businesses AT&T could own and manage. [1]: 125
Due to its popularity, it's often said that more Monopoly money -- $15,140 per game -- is printed each year than is printed of real U.S. paper money, but that's not true.
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