Editing Gentlemen's agreement (section)

===Industry===
A gentleman's agreement, defined in the early 20th century as "an agreement between gentlemen looking toward the control of prices," was reported by one source to be the loosest form of a "[[pooling (resource management)|pool]]." Such agreements have been reported to be found in every type of [[Industry (economics)|industry]] and were numerous in the American [[steel industry|steel]] and [[iron industry|iron industries]] of the early 20th century.<ref name="Jones">{{cite book
|last=Jones |first=Elio |title=The Trust Problem in the United States|url=https://books.google.com/books?id=IoYaAAAAYAAJ |access-date=June 28, 2010 |year=1921 |publisher=[[Macmillan Company]]
|location=[[New York (state)|New York]] |pages=7–8 |chapter=II|chapter-url=https://books.google.com/books?id=IoYaAAAAYAAJ&pg=PA6}}</ref>

A report from the [[United States House of Representatives]] detailing their investigation of the [[United States Steel Corporation]] asserted that there were two general types of loose associations or [[consolidation (business)|consolidations]] between steel and iron interests in the 1890s in which the individual concerns retained ownership as well as a large degree of independence: the "pool" and the "gentleman's agreement." The latter type lacked any formal organization to regulate output or prices or any provisions for forfeiture in the event of an infraction. The efficacy of the agreement relied on members to keep informal pledges.<ref name="House">{{cite book
|last=United States House of Representatives |author-link=United States House of Representatives |title=United States Steel Corporation: Hearings before the Committee on Investigation of United States Steel Corporation.|url=https://books.google.com/books?id=hk4-AAAAYAAJ
|access-date=June 28, 2010 |year=1912 |publisher=[[United States Government Publishing Office|Government Printing Office]]
|location=[[Washington, D.C.]] }}</ref>

In the automotive industry, Japanese manufacturers agreed that no production car would have more than {{cvt|280|PS|PS hp kW|0|order=out}}; the agreement ended in 2005.<ref>{{cite web |url=https://www.autoevolution.com/news/the-japanese-gentlemen-s-agreement-on-horsepower-a-failed-rule-of-self-restraint-229607.html |title=The Japanese Gentlemen's Agreement on Horsepower: A Failed Rule of Self-Restraint |first=Alex |last=Oagana |work=autoevolution |date=2024-02-21 |access-date=2025-03-23}}</ref><ref>{{cite web |url=https://carbuzz.com/features/jdm-gentlemans-agreement-japanese-cars-276-hp/ |title=JDM Gentleman's Agreement: Why Iconic Japanese Cars Are Limited To 276 HP |first=Roger |last=Biermann |work=CarBuzz |date=2025-01-24 |access-date=2025-03-23}}</ref> German manufacturers [[speed limiter|limit the top speed]] of high-performance [[Saloon (automobile)|saloons (sedans)]] and [[station wagons]] to {{convert|250|km/h|0}}.<ref>{{cite web|url=http://www.autoevolution.com/news/gentlemens-agreement-not-so-fast-sir-47736.html|title=Gentlemen's Agreement: Not So Fast, Sir!|author=Bogdan Popa|work=autoevolution|date=28 July 2012|access-date=28 September 2015|archive-date=29 September 2015|archive-url=https://web.archive.org/web/20150929183056/http://www.autoevolution.com/news/gentlemens-agreement-not-so-fast-sir-47736.html|url-status=live}}</ref><ref>van Gorp, Anke. "Ethical Issues in Engineering Design; Safety and Sustainability" page 16. Published by 3TU Ethics, 2005. {{ISBN|9090199071}}, 9789090199078. ISSN 1574-941X</ref> Some automakers, such as [[Mercedes-Benz]], offer options to increase or remove the speed limiter.<ref>{{cite web|url=http://www.jalopnik.com/cars/news/so-long-guvnor-mercedes-will-unlock-top-speed-on-amg-models-in-the-us-for-a-price-154226.php|title=So Long Guv'nor: Mercedes Will Unlock Top Speed on AMG Models in the US, for a Price|work=Jalopink|author=Mike Spinelli|date=2006-02-11|access-date=2015-09-28|archive-date=2011-08-13|archive-url=https://web.archive.org/web/20110813025130/http://jalopnik.com/cars/news/so-long-guvnor-mercedes-will-unlock-top-speed-on-amg-models-in-the-us-for-a-price-154226.php|url-status=live}}</ref> When the [[Suzuki Hayabusa]] motorcycle exceeded {{Convert|190|mph|abbr=on|order=flip}} in 1999, fears of a European ban or regulatory crackdown led Japanese and European motorcycle makers to agree to a limit of 300&nbsp;km/h (186&nbsp;mph) in late 1999.<ref name=Burns2012>{{citation|journal=Cycle World|title=Fifty years of "Do you have any idea how fast you were going?": A brief history of Ludicrous Speed |date=April 2, 2012|author=John Burns|url=http://www.cycleworld.com/2012/04/02/fifty-years-of-do-you-have-any-idea-how-fast-you-were-going/2/|url-status=unfit |archive-url=https://web.archive.org/web/20120407081128/http://www.cycleworld.com/2012/04/02/fifty-years-of-do-you-have-any-idea-how-fast-you-were-going/2//|archive-date=April 7, 2012 }}</ref> ''See [[List of fastest production motorcycles]]''.