History of the United States II / Unit 3 USH2 0318 short lesson, about 20 seconds
The Holding Company
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The idea
When the trust form was challenged in court, businesses turned to the holding company, a corporation that owns a majority of stock in other firms.
In practice
One central corporation holding controlling shares in each of its enterprises.
Where people slip
Digital History says holding companies supplanted trusts after the Sherman Anti-Trust Act declared trusts illegal. The legal form changed while control stayed concentrated.
Your place on the trail
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