Why did large corporations arise in the late 19th century, and how did leading industrialist consolidate their power?

Question

Social Studies

Yair Fowler

15 September, 19:30

Why did large corporations arise in the late 19th century, and how did leading industrialist consolidate their power?

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Alannah Trevino · Answer 1

Answer: They arise because of the concept of vertical integration created by Gustavus Swift. They consolidated their power by slashing princes in certain markets to below production costs which drove independent distributors to the wall.