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Unformatted text preview: ed, their tracks ripped up, their overhead wires torn down. The
trolley companies were turned into bus lines, and the new buses were manufactured by GM.
General Motors eventually persuaded other companies that benefited from road building to help pay for the costly takeover of America’s
trolleys. In 1947, GM and a number of its allies in the scheme were indicted on federal antitrust charges. Two years later, the workings of the
conspiracy, and its underlying intentions, were exposed during a trial in Chicago. GM, Mack Truck, Firestone, and Standard Oil of California
were all found guilty on one of the two counts by the federal jury. The investigative journalist Jonathan Kwitny later argued that the case was
“a fine example of what can happen when important matters of public policy are abandoned by government to the self-interest of
corporations.” Judge William J. Campbell was not so outraged. As punishment, he ordered GM and the other companies to pay a fine of
$5,000 each. The execut...
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This note was uploaded on 02/25/2014 for the course MGMT 120 taught by Professor Litt during the Spring '08 term at UCLA.
- Spring '08