The late 19th century was one of the fastest developing periods in the history of the world… particularly so in the United States.
| | | | | | Robber Barons: Big Tech's "New Gilded Age" Monopolies Hit a Wall | | |  | The late 19th century was one of the fastest developing periods in the history of the world… particularly so in the United States.
During the lead-up to the Civil War, American entrepreneurism caused entire new industries to pop up right and left.
Henry Bessemer's industrial process to produce steel was patented in 1856.
Oil was discovered in Pennsylvania in 1859.
The Transcontinental Railroad was completed in 1862.
The coal mining industry grew out of the need to supply fuel for steam engines and steel plants.
And the period culminated with the development of the automobile in 1885.
Each invention was essentially a wide-open blue sky that created multi-decade booms rampant with speculators.
But the combination of innovation, ruthless efficiency, and a lack of regulation led to each of these new industries being controlled by a select few.
And when power like that is concentrated in sectors that are as interconnected as these, it ultimately leads to collusion… | | Get The Whole Story Here | | | Contact Us | We are available to help you five days a week, Monday through Friday, from 9:00 am to 5:00 pm Eastern Time. Please do not hesitate to contact us if you need additional information or support. We will respond to all phone calls and emails as soon as possible, and usually within one business day. | | |
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