Companies formed trusts in order to consolidate control over a particular industry or market, allowing them to eliminate competition and increase profits. By combining multiple companies under one trust, they could set prices, control production, and dominate the market. Trusts were a way for companies to work together to achieve greater power and influence.
increase profits by eliminating competition
trusts~apex
Trusts
trusts~apex
Trusts
trusts
trusts~apex
Henry Godefroi has written: 'The law of railway companies, comprising the Companies clauses' -- subject(s): Railroad law 'A digest of the principles of the law of trusts and trustees' -- subject(s): Trusts and trustees
false
Some of the most notorious corporate holding companies were the sugar trust, John D. Rockefeller's oil trust, and J. P. Morgan's steel trust. The original legal form of these organizations had been as business trusts.
corporation(:!
Corporation