Great Merger Movement in American Business, 1895-1904 by Naomi R. Lamoreaux
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Great Merger Movement in American Business, 1895-1904
By Naomi R. Lamoreaux

The Great Merger Movement in American Business, 1895-1904

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Format: Paperback

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Great Merger Movement in American Business, 1895-1904 by Naomi R. Lamoreaux

Book Description

Between 1895 and 1904 a great wave of mergers swept through the manufacturing sector of the United States' economy. This book explores the causes of the mergers, arguing that there was nothing natural or inevitable about turn-of-the-century combinations. Despite this conclusion, the author does not accept the view that they were necessarily a threat to competition. She shows that most of these consolidations were less efficient that the new rivals that appeared almost immediately, and they quickly lost their positions of market dominance. More over, in most of those few cases where consolidations proved to be more efficient, the nation was better off for their formation. Some exceptions occurred, however, and in these instances anti-trust policy should have had a significant role to play. Unfortunately, the peculiar division of power and authority that characterizes the Federal system of government prevented an effective policy from emerging. Ironically, anti-trust policy proved much more effective against small firms in relatively competitive industries than large firms in oligopolistic ones.

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Book Details

ISBN: 9780521357654
ISBN-10: 0521357659
Format: Paperback
(228mm x 152mm x 13mm)
Pages: 224
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-Apr-1988
Country of Publication: United Kingdom

Other Editions...


Books By Author Naomi R. Lamoreaux

Understanding Long-run Economic Growth by Naomi R. Lamoreaux Understanding Long-run Economic Growth, Hardback (September 2011)

Explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery.

Financing Innovation in the United States, 1870 to Present by Naomi R. Lamoreaux Financing Innovation in the United States, 1870 to Present, Paperback (September 2009)

Leading economists and economic historians offer case studies and theoretical perspectives that fill a longstanding gap in the existing literature on technology-driven industrial development, discussing the interaction of finance and technological innovation in the American economy since the Second Industrial Revolution.

Learning by Doing in Markets, Firms and Countries by Naomi R. Lamoreaux Learning by Doing in Markets, Firms and Countries, Paperback (February 1999)

Drawing out the underlying economics in business history, this text focuses on learning processes and the development of competitively valuable asymmetries. It shows that organizations learn that this process can be organized effectively, which can have major implications for how competition works.

Insider Lending by Naomi R. Lamoreaux Insider Lending, Paperback (August 1996)

This book, first published in 1994, explores the important role that insider lending played in the economic development of early nineteenth-century New England.

» View all books by Naomi R. Lamoreaux

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Recent books by Naomi R. Lamoreaux close
Understanding Long-run Economic Growth by Naomi R. Lamoreaux
Financing Innovation in the United States, 1870 to Present by Naomi R. Lamoreaux
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Insider Lending by Naomi R. Lamoreaux
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»
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