Cartels that set prices and allocate sales among their member firms were commonly referred to in the late 19th century as

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In the late 19th century, cartels that set prices and allocate sales among their member firms were commonly referred to as trusts, named after the Standard Oil Trust, which was one of the most well-known examples of such a cartel. Conglomerates, monopolies, and multinationals have different meanings and connotations, and are not as directly related to this specific historical phenomenon.

Cartels That Set Prices and Allocate Sales Among Their Member