By 1968, 200 corporations held over 60 percent of the nation's manufacturing assets and total annual profits. This book is a comprehensive study of the enormous concentration of economic power resulting from the Third Great Merger Movement, during which over 9,400 firms disappeared through merger, increasing from 954 in 1961 to 2,442 in the peak year of 1968. This great merger wave took place during a period of prosperity marked by a rapidly expanding economy, easy money, and a bouyant stock market. The conglomerate firm was the most prominent feature of the Third Great Merger Movement.
By 1968, 200 corporations held over 60 percent of the nation's manufacturing assets and total annual profits. This book is a comprehensive study of the enormous concentration of economic power resulting from the Third Great Merger Movement, during which over 9,400 firms disappeared through merger, increasing from 954 in 1961 to 2,442 in the peak year of 1968. This great merger wave took place during a period of prosperity marked by a rapidly expanding economy, easy money, and a bouyant stock market. The conglomerate firm was the most prominent feature of the Third Great Merger Movement.
JAMES R. WILLIAMSON is a retired U.S. Army officer and retired Professor of History and Business, Gwynedd-Mercy College. Presently, he is Adjunct Professor of History and Political Science at the University of Scranton and Adjunct Professor of History and Business at Wilkes University. He coauthored Zebulon Butler: Hero of the Revolutionary Frontier (Greenwood Press, 1995).
Inhaltsangabe
Tables and Figures Preface Introduction: A Brief History of Antitrust Policy to 1950 The Issue: Business Concentration in the 1950s and 1960s The Response: The Executive The Response: The Congress The Response: The Supreme Court Conclusions Epilogue Notes Appendix: A: Merger Guidelines, U.S. Department of Justice Appendix B: Report of the White House Task Force on Antitrust Policy Appendix C: Report on the Task Force of Productivity and Competition Appendix D: Directorships of Major U.S. Corporations Tightly Interlocked Glossary Selected Bibliography Index
Tables and Figures Preface Introduction: A Brief History of Antitrust Policy to 1950 The Issue: Business Concentration in the 1950s and 1960s The Response: The Executive The Response: The Congress The Response: The Supreme Court Conclusions Epilogue Notes Appendix: A: Merger Guidelines, U.S. Department of Justice Appendix B: Report of the White House Task Force on Antitrust Policy Appendix C: Report on the Task Force of Productivity and Competition Appendix D: Directorships of Major U.S. Corporations Tightly Interlocked Glossary Selected Bibliography Index
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