What led to the United States corporation system?

There were too many companies selling the same product so a corporation needed to be formed.

Several companies and businesspeople pooled their capital and formed one organization in order to be competitive.

A group of businesses that pooled together to organize a monopoly.

A government-made business funded to employ several people.

Question

Ramirez

History

26 May, 14:04

What led to the United States corporation system?

There were too many companies selling the same product so a corporation needed to be formed.

Several companies and businesspeople pooled their capital and formed one organization in order to be competitive.

A group of businesses that pooled together to organize a monopoly.

A government-made business funded to employ several people.

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Answers (1)

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Triston Davidson · Answer 1

The reason why the United States made a corporation system was because, a group of businesses pooled together to organize a monopoly. Trade was not fair for other business people who are in society, so what the government did was to regularize this trade and made rules in order for people to stop monopolizing goods.