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To financiers who just by 1900 have developed process of merges and
Mergers of enterprises, has simply carried, but they have created the economy capable
To build and maintain automobile factories which by 1914 have formed
New huge industry that had very far-reaching
Economic, social and political consequences.
In general, between 1880 and 1900 years in the United States there was an expansion process
Capacities and introduction of new technologies that quite often resulted
To essential increase in the sizes of separate factories and factories. To find
The necessary capital it was hard. Since 1880, the general falling has begun
The prices for manufacturing industry products, and after a panic of 1893
Strong depression has followed. In these conditions firms did not have possibilities for
Self-financing, and many of them were unattractive as investment
Object even for own holders. There was a serious requirement in
New forms of the enterprises which would be more attractive for
Investments, that is such forms which would offer investors
Prospects of higher profits and smaller risk. In economic system,
Where the profit of financiers on sale of securities of the new enterprises depended from
Their abilities to present last as more profitable or less
Risky investments of capital, have been tried the different plausible
The vertical and horizontal integration which has reached of the greatest scope in 1900
Or 1901. Though the set fast failed has been thus founded
The enterprises, there were the big enterprises successfully coping with a problem
Attraction of capitals for updating and production expansion. As well as in any
Other experiments, successful attempts, and a wave of merges mattered only
Has prepared the American industry for the decision of problems of the second industrial
The revolutions which motive forces were an internal combustion engine and
Changes in the organisation of the enterprises
Technological innovations between 1880 and 1914 years conducted to change of the sizes
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