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In the late 19th century, state governments started to adopt more permissive corporate laws. [3] In 1896, New Jersey was the first state to adopt an "enabling" corporate law, with the goal of attracting more business to the state. [3] As a result of its early enabling corporate statute, New Jersey was the first leading corporate state. [3]
However, trusts were used in this case because a corporation could not own other companies' stock and thereby become a holding company without a "special act of the legislature". [58] Holding companies were used after the restriction on owning other companies' shares was lifted. Judicature Act 1873 s 11, ‘equity shall prevail’. Indian ...
The New England Merchants in the Seventeenth Century (1955) Beckert, Sven. The monied metropolis: New York City and the consolidation of the American bourgeoisie, 1850-1896 (2003). Brinkley, Douglas G. Wheels for the World: Henry Ford, His Company, and a Century of Progress (2003) Byrne, Frank.
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Pages in category "Companies established in the 19th century" The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes .
The Rockefeller-Morgan Family Tree (1904), which depicts how the largest trusts at the turn of the 20th century were in turn connected to each other. A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways.
Jay Gould also acquired, merged, and organized railroads and telegraph companies in the second half of the 19th century, including Western Union, the Erie Railroad, Union Pacific and the Missouri Pacific Railroad. Later, J. Pierpont Morgan's J.P. Morgan & Co. would