Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

The Rise of Big Business in the World Copper Industry 1870-1930

Christopher Schmitz
The Economic History Review
New Series, Vol. 39, No. 3 (Aug., 1986), pp. 392-410
Published by: Wiley on behalf of the Economic History Society
DOI: 10.2307/2596347
Stable URL: http://www.jstor.org/stable/2596347
Page Count: 19
  • Read Online (Free)
  • Download ($16.00)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
The Rise of Big Business in the World Copper Industry 1870-1930
Preview not available

Abstract

Despite a pronounced trend towards business concentration in the copper industry since the 1870s, there is limited evidence that these large-scale firms have had any sustained success in controlling a market which displays a long-term trend of increasing price instability. Big business in this industry seems best explained as a response to the necessary move to mining very large scale, low grade ore deposits, with consequent higher capital costs. The instability of metal markets also impelled firms to minimize transactions cost through a process of vertical integration.

Page Thumbnails

  • Thumbnail: Page 
392
    392
  • Thumbnail: Page 
393
    393
  • Thumbnail: Page 
394
    394
  • Thumbnail: Page 
395
    395
  • Thumbnail: Page 
396
    396
  • Thumbnail: Page 
397
    397
  • Thumbnail: Page 
398
    398
  • Thumbnail: Page 
399
    399
  • Thumbnail: Page 
400
    400
  • Thumbnail: Page 
401
    401
  • Thumbnail: Page 
402
    402
  • Thumbnail: Page 
403
    403
  • Thumbnail: Page 
404
    404
  • Thumbnail: Page 
405
    405
  • Thumbnail: Page 
406
    406
  • Thumbnail: Page 
407
    407
  • Thumbnail: Page 
408
    408
  • Thumbnail: Page 
409
    409
  • Thumbnail: Page 
410
    410