Enforcement of the Antitrust Laws

Archive Report

Economic Concentration in United States

Truman on Economic Concentration and Competition

President truman said in his annual message to Congress, Jan. 6, 1947, that the administration, “in an effort to assure full opportunity and free competition to business,” would “vigorously enforce the antitrust laws.” He observed that prewar studies by the Temporary National Economic Committee had shown that “one of the gravest threats to our welfare lay in the increasing concentration of power in the hands of a small number of giant organizations.” And the tendency toward economic concentration had been accelerated during the war. “As a consequence,” the President said, “we now find that, to a greater extent than ever before, whole industries are dominated by one or a few large organizations which can restrict ...

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