Merger and Monopoly in the U.S.

The recent rash of mergers in American industry has , once again highlighted the problem of monopoly. Quite the most glamorous corporate marriages have occurred in automobiles, where the overwhelming strength of Chrysler, Ford and General Motors forced Hudson into the arms of-Nash, compelled Kaiser to embrace Willys and linked Studebaker with Packard. When automobiles’ Big Three got through with their share of the market last year, the six independents were left with a mere 4 per cent o...