letely different from an industrial plant. The mill first was introduced in the early 1900s. The United States Steel complex was a perfect example. It employed 9,000 workers and gave them a place to live. Another example was the Ford Plant at Highland Park, Michigan where they employed 16,000 workers. Not only did it house the workers, but it also had its own railroad station, a water supply, energy source, telephones, fire departments, and its own police force. This revolutionized the workplace (Balkin 34).At this time the preferred method of organization was the corporate one. The large amounts of capital where sold to different people. They would sell the stocks and bonds to the public and in return people would have a peace of the company. At times bankers and financers had a bigger say due to the amount of stock they owned (Boardman 16).Each individual or group that controlled a company gave its stocks to a board of trusties. In return they were given trust certificates. The trustees then would make meetings and vote on what would be done in the company. This was not good because it killed competition and the public would have to rely on the trusts. The courts did not like this and they had to expand the people involved. Because of this new form of business ordinary people could buy stocks and have a say in the company (Boardman 18).Individual companies and factories started to merge and create bigger companies. This was good for stockholders because they had more power in the company. However, the mergers would create one organization, which would control production. They would also control wages and prices in an entire industry (Boardman 17).In 1890 the US fought against the growing power of industrial and railroad merges. The law named the Sherman Antitrust Act, stated that mergers which would hurt the people were illegal. It also said that commerce should not be united in one power. But at times the Sherman Antitrust Act only ...
