Economics

economics The US has some of the strongest laws concerning competition of any change country. Under laws dating back to the 1890s, a conspiracy in restraint of trade is a criminal offence - and companies atomic number 18 treated like individuals, with their bosses personally responsible for their firms actions. In the easily 19th Century, the booming US economy entered a baulk of rapid consolidation. "Trusts" (or holding companies) were created to bring to bring downher all the firms in a particular industry - The Sugar Trust, The Tobacco Trust, and The aplomb Trust.

These trusts were vast enterprises that dominated their industry and in some cases numerical product worldwide. No trust was bigger than Standard Oil, possess by John D. Rockefeller. In 1910 Mr. Rockefellers net worth was passable to some 2.5% of the whole US economy, the equivalent of nearly $250bn in todays terms, or at least twice as very much as Bill Gates. The opposition to the trusts, particularly among farmers who protested ...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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