Which country had an international reputation for its industrial cartels at the turn of the century?

Question

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Germany had an international reputation for its industrial cartels at the turn of the century, particularly in the late 19th and early 20th centuries. These cartels were formal organizations of producers that agreed on production levels, prices, and market shares, which were more prevalent and accepted in Germany than in many other countries at the time.

Which Country Had an International Reputation for Its Industrial Cartels