The Great Merger Movement in American Business, 1895-1904 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024

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Naomi R. Lamoreaux 作者

Cambridge University Press

译者

1988-04-29 出版日期

224 页数

USD 22.99 价格

Paperback

丛书系列

9780521357654 图书编码

The Great Merger Movement in American Business, 1895-1904 在线电子书图书标签: 经济史社会学历史学

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The Great Merger Movement in American Business, 1895-1904 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

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The Great Merger Movement in American Business, 1895-1904 在线电子书图书描述

Between 1895 and 1904 a great wave of mergers swept through the manufacturing sector of the U.S. economy. More than 1,800 firms disappeared into horizontal combinations, at least a third of which controlled more than 70 percent of the markets in which they operated. In The Great Merger Movement in American Business, Naomi Lamoreaux explores the causes of the mergers, concluding that there was nothing natural or inevitable about turn-of-the-century combinations. With the aid of a formal model, Lamoureaux demonstrates that the merger wave was the product of a particular historical combination of circumstances: the development if capital-intensive production techniques; a spurt of rapid growth in a number of heavy industries in the late 1880s and early 1890s; and the panic and depression of 1883. Together, this sequence of events produced an episode of abnormally severe price competition that manufacturers finally turned to consolidation to alleviate. Despite her conclusion that the mergers were not inevitable, Lamoreaux does not accept the opposing view that they were necessarily a threat to competition.

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