When the Sherman Antitrust Act banned businesses from "restraining trade," Samuel Dodd came up with the ______, a corporation of

Question

prisoha [69]

3 years ago

12

When the Sherman Antitrust Act banned businesses from "restraining trade," Samuel Dodd came up with the ______, a corporation of

corporations that had the power to hold shares of other companies.

Business

1 answer:

arsen [322] · Answer 1 · 2022-02-01T17:29:55+03:00

Answer:

Holding company.

Explanation:

A holding company normally does not have operations of its own but owns the share of other companies. They form corporate groups, so are referred to as corporate of corporates.

Holding companies work to reduce the risk of the companies they own shares in. For example the shares they hold are protected from the operations of the company, so in times of crisis there is a pool of funds the business can fall back on.