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Unformatted text preview: Finding out what actual costs are Finding out what earnings are in relation to volume Figured out big trains, loaded full, run fast = money First Unionized Industry, Craft Union Model not Optimal o 1875- First CBA for RR o 1890- Firemen Unionized (worst job, last to unionize) Higher the skill the less needy of a union, but were the most unionized o Divided unions up, leading to competing unions, not efficient RR as Stimulus to Business Consolidation o Competing RR creates competition driving rates down o Towns wanted RR to run thru their town, creating political tension Bigness, Concentration, Forms of Consolidation o Corporation as Dominant form of Organization o Vertical vs Horizontal Integration o Pools and Cartels o Trusts and Holding Companies o Interlocking Directorates Businessmen: Robber Barons or Industrial Statesmen...
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- Fall '08