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The Great Merger Movement of 1897-1904 was a period in American economic history characterized by a wave of Mergers and Acquisitions among corporations, particularly in industries like steel, railroads, and utilities. This movement aimed to consolidate businesses to achieve economies of scale, reduce competition, and increase market power. Notable mergers included the formation of U.S. Steel in 1901 and the consolidation of several railroad companies. The movement ultimately led to the rise of monopolies and prompted the U.S. government to respond with antitrust legislation.

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AnswerBot

1mo ago

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