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Urbanization was an important consequence of industrialization in the US. This was mainly due to immigration, new technologies, the rise of big business through industrial trusts, and raise of capitalism.
Theodore Roosevelt
The Sherman Anti-Trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts or business activities that federal government regulators deem to be anticompetitive. It also requires the federal government to investigate and pursue trusts (monopolies).
Theodore Roosevelt worked to get laws passed that outlawed large trusts and broke up monopolies in business.
Antitrust ~ adj. Opposing or intended to regulate business monopolies, such as trusts or cartels, especially in the interest of promoting competition: antitrustlegislation, antitrust laws
Industrial consolidation and trusts reduced competition during the late 1800's =)
Henry William Macrosty has written: 'Die englische Fabrikgesetzgebung in den Jahren 1878-1901' -- subject(s): Industrial organization 'State control of trusts' -- subject(s): Industrial policy, Trusts, Industrial, Industrial Trusts 'The trust movement in British industry' -- subject(s): Industrial Trusts, Industries, Trusts, Industrial, Commerce and industries 'Trusts and the state' -- subject(s): Competition, Industrial Trusts, Trusts, Industrial
McKinley's inauguration marked the beginning of the greatest movement of consolidation that American business had ever seen. Such consolidation of business (then called trusts) was the culmination of a trend already far under way when McKinley took office.
Robert Liefmann has written: 'Wirtschaftstheorie und wirtschaftsbeschreibung' -- subject(s): Economics 'Cartels, concerns and trusts' -- subject(s): Trusts, Industrial, Cartels, Industrial Trusts 'International cartels, combines and trusts' -- subject(s): Trusts, Industrial, Industrial Trusts 'Inlandskapital, Auslandskapital, Kriegstribute' -- subject(s): Finance, Capital
what did trusts do curing the industrial period of the unite states
Huge industrial trusts developed in industries such as steel and oil because leaders of these industries, such as Carnegie and Rockefeller, more less or bought off the competition. What effect this ultimately had on the economy is a debated topic, however it was mainly positive, at least in the short term.
James Alexander Sherbaniuk has written: 'Regina v. Canadian Breweries Limited' -- subject(s): Brewing industry, Consolidation and merger of corporations, Industrial Trusts, Law, Trusts, Industrial
William Kirsch has written: 'Monopoly and social control' -- subject(s): Industrial Trusts, Monopolies, Trusts, Industrial
Alex B. MacDonald has written: 'Picking your pockets' -- subject(s): Industrial Trusts, Trusts, Industrial
William W. Cook has written: 'Trusts' -- subject(s): Trusts, Industrial, Industrial Trusts 'Spiritual' 'The corporation problem' -- subject(s): Corporations, Industrial Trusts, Railroads and state 'A treatise on stock and stockholders and general corporation law' -- subject(s): Corporation law
Louis Marlio has written: 'The aluminum cartel' -- subject(s): Aluminum industry and trade, Industrial Trusts, Trusts, Industrial
Mark S. Massel has written: 'Competition and monopoly' -- subject(s): Monopolies, Trusts, Industrial, Competition, Industrial Trusts