Question

What factors led to the rise of the corporation after 1865? What means did corporate leaders use to expand their control of markets?

Answer 1

In the early nineteenth century, the corporate form of business organization had been used to raise large amounts of start-up capital for transportation enterprises such as turnpikes and canals. By selling stocks and bonds to raise money, the corporation separated the company’s managers, who guided its day-to-day operation, from the owners—those who had purchased the stocks and bonds as investments.

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