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History of the United States II / Unit 3   USH2 0322 short lesson, about 20 seconds

The Merger Wave

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The idea

More than three hundred mergers had taken place by nineteen oh five, leaving about one percent of businesses in control of over forty percent of the economy.

In practice

Thousands of small firms folded into a few hundred giants.

Where people slip

Digital History agrees: in nineteen oh four, firms under one percent of the total made forty percent of the nation's goods.

Your place on the trail

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