1. Robber Barons of the Gilded Age
... corrupt railroad companies by loosely interpreting the Fourteenth Amendment (equal protection under the law) when the Court deemed corporations to be "citizens" (Bailey 536 & Class Notes). This decision ultimately indicated corporations did not have to worry about regulation from state governments. After the Civil War the US experienced a shift from light manufacturing to heavy industry ... offered opportunity for stockholders in competing oil companies to enter a trust, where they would sell him their shares of stock and control in exchange for trust certificates (Class Notes-Development...
- Word Count: 1703
- Approx Pages: 7
- Grade Level: Undergraduate