In the late nineteenth century a new form of capitalism emerged in
Great Britain and the United States. Before the revolutions in
communication and transportation, the owners of firms managed the
processes of production, distribution, transportation and
communication personally. By the end of the century, however,
technological innovation and mass markets fostered the development
of large-scale corporate structures, leading to a separation
between owners and operators. In this new form of capitalist
enterprise managers were increasingly the principal decision
makers. This economic transformation spawned social and political
tensions which compelled the public and policy makers to decide
upon an appropriate response to big business. A primary focus of
public discourse was antitrust. This book explores the development
of big business and the antitrust response in a comparative
context.
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