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New Jersey Corporate Chartermongering, 1875-1929
The Journal of Economic History
Vol. 49, No. 3 (Sep., 1989), pp. 677-692
Stable URL: http://www.jstor.org/stable/2122510
Page Count: 16
You can always find the topics here!Topics: Corporations, Revenue, Railway systems, Corporate regulation, Business structures, Incorporation, Taxes, Governors, Statutory law, Franchise taxes
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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.
The Journal of Economic History © 1989 Economic History Association