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It was a way for senators to buy their way into the senate. Politicians raised taxes in order to help Rockefeller sell and make other businessmen go out of business. I believe this was very similar to today Microsoft and Apple situation, which is a form of monopoly. This did help get business practices more and more involved within the political world...
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This did help get business practices more and more involved within the political world.
Moreover, there was a time when politicians and the government had a hand in how businesses were ran, and how it impacted society. The United States had a barrier in the way of economic development. The industries were rapidly growing and a lot of companies were struggling, basically due to lack of capital...
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1900-1930
An Analysis of the Business Cultural Issues Raised by the Article; Knowledge Transfer, Knowledge Replication, and Learning in Non-equity Alliances: Operating Contractual Joint Ventures in China (Wang, Y. Nicholas, S. 2005)
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