20th Century American Economic History

The Rise of Big Business: The Failure of Trusts and Cartels (continued)

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Despite the drive for monopoly, only oil, sugar and corn products ended up dominated by a particular company. Bigger was not better. Biggest was not best. Smaller and more mobile was more competitive. Major inventions are still coming from small firms.  
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20th Century American Economic HistoryBy Murray N. Rothbard
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