By Tim McNeese
Through the many years following the yankee Civil struggle, the financial system of the us skilled exceptional development. This ebook explores the rules and repercussions of the legislation that reshaped American enterprise, the Sherman Antitrust Act.
Read or Download The Robber Barons and the Sherman Antitrust Act: Reshaping American Business (Milestones in American History) PDF
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Extra resources for The Robber Barons and the Sherman Antitrust Act: Reshaping American Business (Milestones in American History)
The years following the Civil War and into the early twentieth century were extremely favorable toward corporations. It is not surprising that they became such dominant economic institutions and that the country’s industrial sector grew so quickly. In effect, through much of the 1880s, few wanted to stop the proliferation of corporate America and the industrialization it supported. The The Robber Barons words used by an attorney for John D. ”7 Keeping Competition to a Minimum It was not the existence of so many corporations in America that lay at the heart of the controversies that later surrounded them.
Offers similar to that made by the Pennsylvania legislators had become common in England, which boasted the best, most pro ductive textile mills in the world. Skilled mill workers were not allowed to leave the country. Slater was forced to pose as an agri- cultural worker before English authorities granted him permission to leave England. He took his knowledge of building textile machin- ery with him. When he arrived, he found work immediately. A Quaker mer- chant, Moses Brown, had only recently completed construction on a textile mill in Pawtucket, Rhode Island.
He introduced a large cigarette-rolling machine in a company in which he was an investor. This massive one-ton piece of equipment was capable of producing 100,000 cigarettes in a day. At that time, the most skilled cigarette maker could only handroll 3,000 cigarettes daily. By utilizing new cigarette-rolling technologies, Duke was able to drop the price of cigarettes. When he redesigned the cigarette container as a crushproof sliding card- board box, Americans were ready to take up cigarette smoking.