Wyatt Wells chronicles how the attack on cartels and monopoly abroad affected everything from energy policy and trade negotiations to the occupation of Germany and Japan. He shows how a small group of zealots led by Thurman Arnold, who became head of the Justice Department's Antitrust Division in 1938, targeted cartels and large companies throughout the world: IG Farben of Germany, Mitsui and Mitsubishi of Japan, Imperial Chemical Industries of Britain, Philips of the Netherlands, DuPont and General Electric of the United States, and more. Wells brilliantly shows how subsequently, the architects of the postwar economynotably Lucius Clay, John McCloy, William Clayton, Jean Monnet, and Ludwig Erharduncoupled political ideology from antitrust policy, transforming Arnold's effort into a means to promote business efficiency and encourage competition.
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Wyatt Wells (Author)
Wyatt Wells is associate professor of history at Auburn University at Montgomery. He is the author of Economist in an Uncertain World: Arthur F. Burns and the Federal Reserve, 1970-1978.