A report by the U.S. House of Representatives detailing its United States Steel Corporation investigation stated that in the 1890s there were two general types of associations or bulk consolidations between steel and ferrous interests in which different groups owned ownership, as well as a high degree of independence: the “pool” and the “Gentleman`s Agreement.”  The latter type lacked a formal organisation to regulate production or prices or forfeiture rules in the event of infringement.  The effectiveness of the agreement relied on members to meet informal commitments.  Until Jackie Robinson was hired by the Brooklyn Dodgers in 1946, a gentlemen`s agreement ensured that African-American players were excluded from organized baseball.  Gentlemen`s agreements have come to regulate international activities such as the coordination of monetary or trade policy.  According to Edmund Osmasczyk in the United Nations Encyclopedia and International Agreements, it is also defined as “an international term for an oral and unwritten but fully valid agreement.”  This type of agreement may allow a nation to circumvent national legal requirements to enter into a formal contract or it may be useful for a government to want to enter into a secret agreement that does not engage the next government.  According to another author, all international agreements are gentlemen`s agreements because, just before the war, they are all unenforceable.  Osmaczyk noted that there was a difference between gentlemen`s open agreements and secret diplomatic agreements.  In the United States, in 1890, the prohibition of gentlemen`s agreements was introduced in interstate trade relations because the secrecy of these agreements was beyond anyone`s control.  A gentleman`s agreement, defined at the beginning of the 20th century as “an agreement between gentlemen who looks at price control,” was described by one source as the loosest form of a “pool.”  Such agreements have been declared in all industrial sectors and are numerous in the steel and steel industry.  In the automotive industry, Japanese manufacturers have agreed that no standard vehicle would have more than 276 hp (206 kW; 280 hp); The agreement ended in 2005.  German manufacturers limit the maximum speed of high-performance sedans (berlines) and breaks to 250 km/h.   When the Suzuki Hayabusa motorcycle exceeded 310 km/h in 1999, fears of a European ban or regulatory intervention led Japanese and European manufacturers to limit to 300 km/h at the end of 1999 See list of the fastest series bikes.
Gentleman`s Agreement Meaning In Chinese
on Apr 09 in Uncategorized tagged