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Kirk Damer
@kirkdamer
Zach
@zbarocas
Dodd’s trust structure became the standard technique for large combinations through the 1880s, until it was made unnecessary by the New Jersey Holding Company Act of 1890, which specifically enabled multilayered, multistate corporate structures. By that time, the term “trust” had become shorthand for almost any large business combination, regardles
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Harpers ran an article in 1887 about a “typical” American worker and his family, who had a pleasant house and garden in Brooklyn. The father was a carpenter, averaging $900 per year, close to the top of the scale a carpenter could expect. His two daughters and his son lived at home, and all were employed. The girls worked in a straw hat factory, br
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Davey Morse
@davey2
Holladay @seanholladay
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Troy Thomas
@troy
Manhattan Hydraulics
hydraulics.nyc
Meanwhile, a competitor of sorts had cropped up. On the west coast of Florida, perhaps inspired by Flagler’s notoriety, a man named Henry Plant had been buying up a series of existing narrow-gauge railroads with the stated intention of extending a line all the way from Tampa to Miami. Plant had also built a deep-water pier that transformed Tampa in
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