TY - BOOK ID - 25633043 TI - The great merger movement in American business, 1895-1904 PY - 1985 SN - 0521267552 0521357659 0511665040 9780521267557 9780511665042 9780521357654 PB - Cambridge Cambridge University Press DB - UniCat KW - History of North America KW - anno 1800-1999 KW - Consolidation and merger of corporations KW - Entreprises KW - History KW - Fusion KW - Histoire KW - Arts and Humanities KW - Consolidation and merger of corporations - United States KW - History. KW - Acquisition of corporations KW - Acquisitions and mergers KW - Amalgamation of corporations KW - Business combinations KW - Business mergers KW - Buyouts, Corporate KW - Corporate acquisitions KW - Corporate buyouts KW - Corporate mergers KW - Corporate takeovers KW - Corporations KW - Fusion of corporations KW - Hostile takeovers of corporations KW - M & A (Mergers and acquisitions of corporations) KW - Merger of corporations KW - Mergers and acquisitions of corporations KW - Mergers, Corporate KW - Takeovers, Corporate KW - Corporate reorganizations KW - Golden parachutes (Executive compensation) KW - Industrial concentration KW - Trusts, Industrial KW - Consolidation KW - Mergers UR - https://www.unicat.be/uniCat?func=search&query=sysid:25633043 AB - Between 1895 and 1904 a great wave of mergers swept through the manufacturing sector of the United States' economy. This book explores the causes of the mergers, arguing that there was nothing natural or inevitable about turn-of-the-century combinations. Despite this conclusion, the author does not accept the view that they were necessarily a threat to competition. She shows that most of these consolidations were less efficient that the new rivals that appeared almost immediately, and they quickly lost their positions of market dominance. More over, in most of those few cases where consolidations proved to be more efficient, the nation was better off for their formation. Some exceptions occurred, however, and in these instances anti-trust policy should have had a significant role to play. Unfortunately, the peculiar division of power and authority that characterizes the Federal system of government prevented an effective policy from emerging. Ironically, anti-trust policy proved much more effective against small firms in relatively competitive industries than large firms in oligopolistic ones. ER -