Trust Agreement Apush

A trust or corporate trust is a large group of powerful business interests in the market, which can be embodied as a company or group of companies that collaborate in different ways. [Citation required] These possibilities may include the formation of a trade association, the holding of shares, the formation of a group of companies (sometimes a conglomerate) or business combinations. The term trust is often used in the historical sense to refer to monopolies or quasi-monopolies in the United States during the Second Industrial Revolution in the 19th and early 20th centuries. [Citation required] Corporate agents have been used as legal means to consolidate power in large U.S. companies. [3] In January 1882, Samuel C. T. Dodd, general solicitor of Standard Oil, invented the Corporate Trust to help John D. Rockefeller consolidate his control over the many acquisitions of Standard Oil, which was already the largest company in the world.

[3] [failure to audit] [4] The Standard Oil Trust was created on the basis of a “trust agreement” in which individual shareholders of several different companies agreed to transfer their shares to the Trust; it owned 14 companies and also had majority control of 26 other companies. [3] Nine individuals held trust certificates and acted as agents of the trust. [3] One of these agents, Rockefeller himself, held 41% of the trust certificates; The nearest agent held only about 12%. [3] This type of arrangement became popular and soon had many imitators. [3] In the broader sense of the term that refers to trust law, a trust is a secular legal order in which one party entitles another party, an agent, and transfers the title of a given property. This agent owns, but cannot use the property for himself, he keeps it “with confidence” for the good of a beneficiary. Trusts are often used to keep inheritances for, for example, children and other family members. In the economy, these trusts, with corporations as trustees, have sometimes been used to combine several large companies to exercise total control over a market[1], which has increased the narrower meaning of the term in a broader sense. Confidence is… simply if a person holding title, whether land or cats, is designated as a beneficiary for the benefit of another person.

Nothing can be more frequent or more useful. But the word is now applied in bulk to a certain class, to trade agreements, and because of a popular and unreasonable fear of its effect, the term itself is contaminated.