New Jersey Corporate Chartermongering, 1875–1929
- 1 September 1989
- journal article
- research article
- Published by Cambridge University Press (CUP) in The Journal of Economic History
- Vol. 49 (3) , 677-692
- https://doi.org/10.1017/s0022050700008810
Abstract
New Jersey played a dominant role in the merger wave at the turn of the century. The state facilitated the rise of large firms by liberalizing its corporation law in exchange for incorporation fees and franchise taxes. This article suggests that chartermongering emerged from the U.S. federal political system and the economic structure of the state. Delaware became the preferred state of incorporation as New Jersey's economic structure changed.Keywords
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