Why did large corporations arise in the late 19th century, and how did leading industrialist consolidate their power?

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Aaden

Social Studies

Today, 06:48

Why did large corporations arise in the late 19th century, and how did leading industrialist consolidate their power?

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Reagan Jimenez · Answer 1

Answer: They arise because of the concept of vertical integration created by Gustavus Swift. They consolidated their power by slashing princes in certain markets to below production costs which drove independent distributors to the wall.