1st Session

INVESTIGATION OF CONCENTRATION
OF ECONOMIC POWER

TEMPORARY NATIONAL ECONOMIC
COMMITTEE

FINAL REPORT OF THE EXECUTIVE SECRETARY

TO THE

TEMPORARY NATIONAL ECONOMIC COMMITTEE

ON THE CONCENTRATION OF ECONOMIC
POWER IN THE UNITED STATES

PURSUANT TO PUBLIC RESOLUTION NO. 113 (SEVENTY-
FIFTH CONGRESS), AUTHORIZING AND DIRECTING
A SELECT COMMITTEE TO MAKE A FULL AND
COMPLETE STUDY AND INVESTIGATION
WITH RESPECT TO THE CONCENTRA-
TION OF ECONOMIC POWER IN, AND
FINANCIAL CONTROL OVER, PRO-
DUCTION AND DISTRIBUTION
OF GOODS AND SERVICES

Printed for the use of the
Temporary National Economic Committee

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1941

THE

GIANNINI

TEMPORARY NATIONAL ECONOMIC COMMITTEE

(Created Pursuant to Pub. Res. 113, 75th Cong.)

JOSEPH C. O'MAHONEY, Senator from Wyoming, Chairman
HATTON W. SUMNERS, Representative from Texas, Vice Chairman
JAMES M. MEAD, Senator from New York
WALLACE H. WHITE, JR., Senator from Maine
CLYDE WILLIAMS, Representative from Missouri
B. CARROLL REECE, Representative from Tennessee
THURMAN W. ARNOLD, Assistant Attorney General
*HUGH COX, Special Assistant to the Attorney General
Representing the Department of Justice

SUMNER T. PIKE, Commissioner

Representing the Securities and Exchange Commission
GARLAND S. FERGUSON, Commissioner
*EWIN L. DAVIS, Chairman

Representing the Federal Trade Commission
ISADOR LUBIN, Commissioner of Labor Statistics
*A. FORD HINRICHS, Chief Economist, Bureau of Labor Statistics
Representing the Department of Labor

JOSEPH J. O'CONNELL, JR., Special Assistant to the General Counsel
*CHARLES L. KADES, Special Assistant to the General Counsel
Representing the Department of the Treasury

WAYNE C. TAYLOR, Under Secretary of Commerce

*M. JOSEPH MEEHAN, Chief Statistician, Bureau of Foreign and Domestic Commerce Representing the Department of Commerce

LEON HENDERSON, Economic Coordinator
DEWEY ANDERSON, Executive Secretary
THEODORE J. KREPS, Economic Adviser

*Alternates.

FINAL REPORT OF THE EXECUTIVE SECRETARY TO THE TEMPORARY NATIONAL ECONOMIC COMMITTEE ON THE CONCENTRATION OF ECONOMIC

POWER IN THE UNITED STATES

DEWEY ANDERSON
THEODORE J. KREPS

RUTH AULL

II

ACKNOWLEDGMENT

This report on the concentration of economic power in the United States has been prepared by economists under the direction of Dr. Dewey Anderson, executive secretary of the Temporary National Economic Committee, and Dr. Theodore J. Kreps, economic adviser to the Committee, assisted by Ruth Aull, technical assistant to the Committee. It is intended as a partial summary of materials found. primarily in the hearings and monographs of the Temporary National Economic Committee. Full responsibility for all statements of fact and conclusions is taken by the authors of this report. The Temporary National Economic Committee is greatly indebted to the economists who have prepared this report.

(Signed) JOSEPH C. O'MAHONEY, Chairman, Temporary National Economic Committee.

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