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With a huge war chest and no public security holders, Rockefeller could fight a no-quarter war for as long as Scott and Potts chose to bleed. Characteristically, he kept the war very focused. As A. J. Cassatt, a later Pennsylvania president, told a House committee, “They simply insisted that they could not make any arrangement with us for the

Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy

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Lots of misinformation, and markets haven't fully grasped the implications of Trump's proposed Auto Tariffs: If implemented, these new rules would effectively dismantle the USMCA - Canada and Mexico would no longer be exempt from tariffs. Old rule: Cars assembled in Mexico/Canada with 60–75% content from... See more

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All of this was a part of what Robert Reich has called “America’s first great merger boom,” which crested during the years 1898–1902. In that brief, four-year interval, over twenty-six hundred business mergers took place in the United States, involving assets worth more than $6.3 billion. This sharp trend toward monopoly, or at least oligopoly,