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American business history is a history of business, entrepreneurship, and corporations, together with responses by consumers, critics, and government, in the United States from colonial times to the present.
In 1890, Congress passed the Sherman Antitrust Act, [5] which criminalised cartels that acted in restraint of trade. While the case law developed, which eventually began cracking down on the normal practices of businesses who cooperated or colluded with one another, corporations could not acquire stock in one another's businesses.
The "mirror image rule" states that if you are to accept an offer, you must accept an offer exactly, without modifications; if you change the offer in any way, this is a counter-offer that kills the original offer and the original offer cannot be accepted at a future time. [41]
Quizlet is a multi-national American company that provides tools for studying and learning. [1] Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, [ 2 ] and released to the public in January 2007. [ 3 ]
Chandler uses eight propositions [3] to show how and why the visible hand of management replaced what Adam Smith referred to as the invisible hand of the market forces: . that the US modern multi-unit business replaced small traditional enterprises, when administrative coordination permitted better profits than market coordination;
Business history is a historiographical field which examines the history of firms, business methods, government regulation and the effects of business on society. It also includes biographies of individual firms, executives , and entrepreneurs .
American researchers made fundamental advances in telecommunications and information technology. For example, AT&T's Bell Laboratories spearheaded the American technological revolution with a series of inventions including the light emitting diode , the transistor, the C programming language, and the UNIX computer operating system.
Tariffs have historically served a key role in the trade policy of the United States.Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a protective barrier around infant industries. [1]