Competition; Monopolies -- United States; Trusts, Industrial
The question is often asked why trusts have not been formed before, and
what the causes are which have started them up so rapidly in such varied
lines of industry. There is certainly room for much honest difference of
opinion in reference to these causes; but one cause concerning whose
influence there can be no dispute is the culmination of the change from
the ancient system of manufacturing to the modern. Let us briefly trace
the manner in which this branch of civilization has grown: In the most
primitive state of existence, each man procures and prepares for himself
the few things which he requires. With the first increase in
intelligence those of most skill in making weapons and preparing skins
make more than they require for themselves, which they exchange with
others for the products of the chase. The next step is to teach to
others the special skill required, and to employ them to aid the chief
workman. Conditions analogous to these existed down to the end of the
last century. The great bulk of all manufacturing was done in small
shops, each employing only a few workmen; and the manufacturer or master
workman labored at the side of his journeymen and apprentices. The
products of these little workshops were sold in the country immediately
adjacent. Of course the number of these scattered shops was so great
that the possibility of uniting all the manufacturers in any one trade
into a single organization to prevent competition among them, was beyond
the thoughts of the most visionary.
Public-domain text, read in full here on John Shaqi.
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