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The foundation of the Vereinigte Stahlwerke AG, the merger of four leading steel combines, changed the inter-company system of the cartelised German steel industry. In 1926, this cartel system was no longer a sufficient framework to solve the economic problems of the steel combines. Still,...
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The Weimar Republic is analysed within the concept of limited and open access orders. Before World War I, Imperial Germany had developed into a mature limited access order with rule of law and open economic access but lack of competition in politics. After World War I and inflation, Weimar...
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