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9-10-08
Hist. 102
8:00-9:20 M&W
I. Big Business/Government/Workers
A. Big Corporations
1. Pools
A. Informal agreements among competing companies to act
together as one.
B. They were designed to remove the competition that led to rate
wars.
C. Without force of laws, pools failed in the end. The weaker ones
failed and the strong prevailed.
2. Horizontal Growth
A. Joining together with rival businesses that produced the same
goods and services.
B. Formal mergers spread and there was an economic panic in the
1890’s.