4 ms·
Actually, the "trust" word in "antitrust" _is_ an accident :) It came about because in the late 19th century it was still forbidden to one company to have busi
by danmaz74 15y ago
Actually, the "trust" word in "antitrust" _is_ an accident :)
It came about because in the late 19th century it was still forbidden to one company to have business in more than one US state, and even to own stock in companies in other states, so very complicated arrangements had to be created to have a national "corporation" - these arrangements were called "trusts", as the Standard Oil Trusts, which was probably the first one and for sure the most famous (or infamous).
Later, the law was changed to allow the modern corporation and trusts were obsoleted.