Gentlemen`s agreements can also be found in trade agreements and international relations. One example is the 1907 Gentlemen`s Agreement, in which the United States and the Japanese Empire addressed immigration from Japan and the mistreatment of Japanese immigrants to the United States. The agreement, which was never ratified by Congress, saw Japan stop issuing passports to people who wanted to immigrate to America to work. The United States, on the other hand, would no longer allow discrimination and segregation of Japanese citizens residing in America. These examples are automatically selected from different online sources of information to reflect the current use of the word « gentleman`s Agreement. » The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. A gentlemen`s agreement is an informal agreement or transaction, often unwritten, which is supported only by the integrity of the other party to effectively comply with its terms. Such an agreement is generally informal, oral and not legally binding. The end result may, in many cases, be higher cost or lower quality products for consumers. Worse, a gentlemen`s agreement can be used as a means of promoting discriminatory practices, as in a « network of old boys. » In 1890, the U.S. government imposed a ban on gentlemen`s agreements in trade and trade relations between nations.

In the automotive industry, Japanese manufacturers have agreed that no standard vehicle would have more than 276 hp (206 kW; 280 CH); The agreement ended in 2005. [6] German manufacturers limit the maximum speed of high-performance sedans (berlines) and breaks to 250 km/h. [7] [9] 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[10] See list of the fastest series bikes. A gentleman`s agreement, defined at the beginning of the 20th century as « an agreement between gentlemen who looks at price control, » has been described by one source as the most lax form of a « pool. » [4] Such agreements have been declared in all industrial sectors and are numerous in the steel and steel industry. [4] This, in some cases, led to gentlemen`s agreements in which Wall Street financiers, such as J.P. Morgan and his « House of Morgan », would meet with the office to obtain prior authorization for mergers and acquisitions. One such example was the gentlemen`s agreement in which regulators and the president ignored the Sherman Antitrust Act, which allowed united States Steel Corp. to become the world`s first multi-billion-dollar company. See the full definition of Gentleman`s Agreement in the English Language Learners Dictionary What prompted you to search for Gentleman`s Agreement? Please tell us where you read or heard it (including the quote, if possible).