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International Rail Makers Association
The International Rail Makers Association (IRMA) was a cartel for the export of rail profiles that existed (with longer interruptions) between 1883 and the Second World War. History Among cartel specialists, IRMA is known as the oldest larger international cartel, as the "grandmother of them all". From the beginning, it was a quota cartel. The domestic markets were usually reserved. Because of disappointment, the association broke up in 1886. It was revived again in 1904, but not renewed in 1907. In 1912, it was re-established but the First World War ended its operations. In the inter-war period the rail cartel was re-established as the "European Rail Makers Association" (ERMA). This name change was due to the reluctance of the American producers to join officially because of fear of antitrust entanglements. The seat of IRMA was (since at least 1926): London (11, Ironmonger Lane Ironmonger Lane is a narrow one-way street in the City of London running southbound between G ...
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Cartel
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers. Etymology The word ''cartel'' comes from the Italian word '' cartello'', which means a "leaf of paper" or "placard", and is itself derived from the Latin ''charta'' meaning "card". The Italian word became ''cartel'' in Middle French, which was borrowed into English. In English, the word was originally used for a written agreement between warring nations to regulate the treatment and exchange of p ...
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Antitrust
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territorial boun ...
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Cartel Seat (monument)
Cartel seats as monuments were the headquarters or other premises of historical, no longer existing cartels in the sense of a group of cooperating, but potentially also rival enterprises. Often, these associations had been syndicate cartels being an advanced form of entrepreneurial combination because of their tight organization with a common sales agency. The cartel buildings had been used for secretariats, meeting rooms, sales offices, advertising agencies, research departments and further more. Many such historical buildings can still be found in Europe and the United States. Cartel buildings as architectural remains In the decades between 1870 and 1945, cartels had been wide spread as organizational forms of the economy. While loose price cartels and other more or less informal Gentlemen's agreements" did not impose any requirements relating to fixed permanent premises, this was particularly the case with “syndicate cartels" being entrepreneurial combinations with central ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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Ironmonger Lane
Ironmonger Lane is a narrow one-way street in the City of London running southbound between Gresham Street and Cheapside. Ironmonger Lane has maintained the same name since at least the 12th century when it was recorded as Ismongerelane; "isen" was an old form of the word "iron". Its name indicates that it was the once the location of ironmongers; but by the end of the 16th century, when John Stow was writing his ''Survey of London'', the ironmongers of Ironmonger Lane and Old Jewry had moved to Thames Street. Until the Great Fire of London in 1666, Ironmonger Lane was one of only two accesses to the Guildhall (the other being Lawrence Lane), a matter which made the travel of dignitaries difficult as two vehicles could not pass each other. The problem was alleviated after the fire when King Street was added by Christopher Wren to provide an additional access to Cheapside. Thomas Becket is said to have been born on the corner of Cheapside and Ironmonger Lane. The livery hall o ...
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British Possessions
The British Overseas Territories (BOTs), also known as the United Kingdom Overseas Territories (UKOTs), are fourteen dependent territory, territories with a constitutional and historical link with the United Kingdom. They are the last remnants of the former British Empire and do not form part of the United Kingdom itself. The permanently inhabited territories are internally Self-governance, self-governing, with the United Kingdom retaining responsibility for Defence (military), defence and foreign relations. Three of the territories are inhabited only by a transitory population of military or scientific personnel. All but one of the rest are listed by the Special Committee on Decolonization, UN Special Committee on Decolonization as United Nations list of non-self-governing territories, non-self-governing territories. All fourteen have the Monarchy of the United Kingdom, British monarch as head of state. three territories (the Falkland Islands, Gibraltar and the Akrotiri an ...
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Cartels
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers. Etymology The word ''cartel'' comes from the Italian word '' cartello'', which means a "leaf of paper" or "placard", and is itself derived from the Latin ''charta'' meaning "card". The Italian word became ''cartel'' in Middle French, which was borrowed into English. In English, the word was originally used for a written agreement between warring nations to regulate the treatment and exchange of ...
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