ECON 20 Lecture Notes - Lecture 9: Sherman Antitrust Act, Mass Production, Human Capital
12 May 2020
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In the lr, this spurred antitrust regulation and laws. Sherman antitrust act of 1890: now, a holding company arrived that would purchase the stock of another company, standard oil dissolved their trust. By 1909, combination in restraint of trade was the general term that applied to. Standard oil, causing them to separate into several smaller companies. Huge population growth in the 17th and 18th century. Population in 1620 increased from about 300 to 2. 5mil after the revolution. By 1820, it went to 10mil (fast rate of growth: much slower compared to previous centuries. Over the 18th and 19th century, was about 3% growth rate (still pretty fast) the 20th century is about 1%: natural growth rate and immigration played a role in population growth. There were 3 periods of immigration: 1840s; ireland (potato famine) and germany 15 years after the civil war; a lot of immigrants are coming to farm (ireland, england, and.
