Twenty Two Years And Counting.
ChatterBank1 min ago
What is the meaning of "large business aggregations" in the following sentences?
Congress had created a new Department of Commerce and Labor, with membership in the president's Cabinet. One bureau of the new department, empowered to investigate the affairs of large business aggregations, discovered in 1907 that the American Sugar Refining Company had defrauded the government of a large sum in import duties. Subsequent legal actions recovered more than $4 million and convicted several company officials. The Standard Oil Company of Indiana was indicted for receiving secret rebates on shipments over the Chicago and Alton Railroad. The fine imposed, amounting to $29,240,000 on 1,462 separate contracts, reflected the spirit of the time.
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