Corporations
Advantages
-Economies of Scale
-Cheaper sources of supply
-Efficient management
Entrepreneurship
-Robber Barons: A derogative term used to describe America's most successful industrialists
-Andrew Carnegie
-John D. Rockefeller
-J.P. Morgan
-Henry Flagler
Trusts and Monopolies
-Corporations avoided restrictions by allowing stockholders to give their stocks to the board of directors a "trust" in exchange for "trust certificates" which would allow them to make dividends.
-Trustees would control the different companies as a single enterprise.
Government regulations
-Sherman Anti-Trust act
-Interstate Commerce Act