br Kaufman , B (Spring 1977 . : The inunct Cartel Case and the iciness War The Business History Review . 51 (1 . Pp . 35-56 In this article Burton Kaufman explores the history of the U .S Department of Justice s antitrust case against the American oil cartels /conglomerates of the 1950s and 1960s . The guinea pig , originally brought to light in the 1950s , was to address these U .S . based companies foreign commerce practices which were in violation of the people s anti-trust laws . Oil cartels like the ones shaped by U .S . oil company interests had the effect of limiting trade and creating unfair advantages to authoritative countries . In 1952 , under the Truman administration , the Justice department began the butt on of filing criminal indictments against the major oil companies including Standard Oil of New Jersey , Socony Mobil , Standard Oil of California , Texaco , and disconnect Oil .
They were accused of working with inter internal oil interests to monopolise and dominate the oil market . There was little warrant trade opportunity as it was largely controlled by these companies alone Unfortunately for the means of antitrust legislation , the investigation coincided with the edifice tension of the Cold War and the employment of oil as a tool for the expanse of influence . Oil interests became national security interests as the U .S . saw the Soviet conglutination competing for oil distribution area and exploration in the place East . The Iranian oil crisis of 1951 , when Iran nationalized its oil interests in result to the monopolistic practices of...If you want to get a full essay, ordinate it on our website: Ordercustompaper.com
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