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Economic Perspectives, Vol. 5, No. 2, 1981
The significance and measurement of concentration
The concentration of financial and economic resources in a few hands has been a major concern throughout American economic history. Business consolidations after the Civil War led to public concern over the growth of "trusts" and "monopolies," culminating in the passage of the Sherman Anti-Trust Act of 1890. More recently, concern with corporate control of financial resources led to the passage of the Bank Holding Company Act of 1956 and the Bank Merger Act of 1960.
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