By Tony A. Freyer
How antitrust fostered a world festival attention, in a position to curtailing worldwide capitalism.
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Extra resources for Antitrust and Global Capitalism, 1930-2004
Multinational corporations represented a major change in enforcement priorities. Between the end of World War I and 1930, the Justice Department had prosecuted seventeen antitrust cases involving international anticompetitive conduct. Major corporations producing petroleum, potash, or quinine – or in one instance, the Radio Corporation of America – were parties; a large proportion were firms engaged in fishing or the making of sisal cordage, or soap and toiletries. 69 From 1932 to 1937, the Alcoa suit was the only international antitrust prosecution.
He was particularly known for mounting a withering attack upon the antitrust laws. During the confirmation hearings, Borah sharply questioned making such a powerful critic the nation’s chief antitrust enforcer. Displaying smooth rhetorical skills, Arnold convinced even Borah that his assault upon the antitrust laws had been intended to expose underlying weaknesses which if properly addressed could lead to more effective policy. 33 The substance of Roosevelt’s antimonopoly message remained unsettled.
The dispute received national attention. Bills challenging the judge’s order were introduced in Congress and the matter received Roosevelt’s personal attention. 24 The Alcoa case also aroused vague yet potent images touching national security. By 1937 Hitler’s expansion, the Spanish Civil War, and Japan’s aggression against China had heightened public support for an isolationist foreign policy. Public discussion included the material necessary for national defense, including aluminum. S. 25 24 25 Quotes from Pittsburgh Citizens and Property Owners to Homer S.