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Spermaceti factories monopolize (jan 1, 1775 – jan 1, 1800)

Description:

*Time period: late 1700s
Spermaceti factories joined together to create a company which prevented newcomers from joining the market and also kept Nantucket whalers from artificially raising the price

Added to timeline:

Date:

jan 1, 1775
jan 1, 1800
~ 25 years