He began a vigorous campaign against them in the media until they gave in to the President's pressure and cancelled the price increase.
he had low prices
Some examples of trade restrictions include:Quotas Tariffs Rationing A tariff on imported cars the government prevents a cartel of steel manufacturers from fixing prices -- apex.
glass and steel :)
The government prevents a cartel of steel manufacturers from fixing prices
Take a look at Alibaba.com, search their site. It usually gives a somewhat accurate idea of prices. for current scrap metal prices for HMS, Steel and other scrap metals go to http://www.scrapmetalpricesandauctions.com
Kennedy publicly criticized the steel industry for its decision to raise prices, viewing it as unjustified, irresponsible, and harmful to the economy. He also threatened to launch an investigation into possible price fixing and profiteering.
True.
President Kennedy worked with both business and labor to reach a settlement of increased benefits, but no wage increase to steel workers. He thought big steel would not raise prices, but 2 weeks later a leader of one of the major steel companies ( US Steel ) brought a press release to the Pres. announcing a $6 dollar a ton increase and all the other steel companies joined in. Kennedy felt so bad that he threatened to start an investigation into price fixing - the pentagon started talking about buying steel elsewhere. This caused the companies to back down. kapm
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