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. The cartel was dissolved through a Supreme Court ruling in 1912, which found it guilty of violating the Sherman Antitrust Act.
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.
Further reading
- Edward Proctor. 1951. Antitrust Policy and the Industrial Explosives Industry. Doctoral dissertation, Harvard University.
- Willard Mueller. 1955. DuPont: A Study in Firm Growth. Doctoral dissertation, Vanderbilt University.
- Stevens, William Harrison Spring. 1919. Unfair competition; a study of certain practices, with some reference to the trust problem in the United States of America. University of Chicago Press.
- Winkler, John K. 1935. The DuPont Dynasty. Reynal & Hitchcock.
References
- Elzinga, Kenneth G. (1970). "Predatory Pricing: The Case of the Gunpowder Trust". The Journal of Law & Economics. 13 (1): 223–240. ISSN 0022-2186.
- 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.
- "POWDER COMPANY PROFITS.; They Have Grown Larger Since Dissolution of Trust". New York Times. 1912.
- ^ 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.
- "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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