Great Expectations: The Search for Order in Bituminous Coal, 1890–1917*

William Graebner

Business History Review, 1974, vol. 48, issue 1, 49-72

Abstract: Arguing that the American bituminous coal industry suffered from “excessive competition,” this study traces the industry's repeated failures to control output or prices, whether by various kinds of trade associations, mergers, or by attempts to secure government sanctions for cooperation. Although an over-zealous Department of Justice must bear some responsibility for the industry's “sick” condition, Professor Graebner concludes, the fundamental problem lay in the basic economic conditions in the industry.

Date: 1974
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