Monopolies in America: Empire Builders and Their Enemies from Jay Gould to Bill Gates

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Oxford University Press, 2000 - Foreign Language Study - 355 pages
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In this incisive and comprehensive history, business historian Charles Geisst traces the rise of monopolies from the railroad era to today's computer software empires. The history of monopolies has been dominated by strong and charismatic personalities. Adding a fascinating element to his book, Geisst tells the stories behind the individuals--from John D. Rockefeller and Andrew Carnegie to Michael Milken and Bill Gates--who forged these business empires withgenius, luck, and an often ruthless disregard for fair competition. He also analyzes the viewpoints of their equally colorful critics, from Louis Brandeis to Ralph Nader. These figures enliven the narrative, offering insight into how large businesses accumulate power. Viewed as either godsends orpariahs, monopolies have sparked endless debate and often conflicting responses from Washington. Monopolies in America surveys the important pieces of legislation and judicial rulings that have emerged since the post-Civil War era, and proposes that American antitrust activity has had less to dowith hard economics than with political opinion. What was considered a monopoly in 1911 when Standard Oil and American Tobacco were broken up was not applied again when the Supreme Court refused to dismantle U.S. Steel in 1919. Charting the growth of big business in the United States, Geisst reachesthe startling conclusion that the mega-mergers that have dominated Wall Street headlines for the past fifteen years are not simply a trend, but a natural consequence of American capitalism. Intelligent and informative, Monopolies in America skillfully chronicles the course of American big business, and allows us to see how the debate on monopolies will be shaped in the twentieth-first century.
 

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Monopolies in America: empire builders and their enemies from Jay Gould to Bill Gates

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Geisst (Wall Street: A History) points out that for many people the board game remains their only exposure to the legal concept of monopoly. But buying up property and eliminating competitors is only ... Read full review

Contents

II
1
III
11
IV
47
V
92
VI
126
VII
167
VIII
203
IX
247
X
282
XI
321
XII
333
XIII
341
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About the author (2000)


Charles Geisst is Professor of Finance in the School of Business, New York City, and author of Wall Street: A History (OUP).

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