Participation of the bank
The active participation of the banks in the promotion of industry favored mergers and the formation of trusts andcartels. A large and steadily growing portion of the coal, metal, textile, oil, tobacco, sugar, and other industries came under the control of industrial combinations, which in some cases (for instance, the Prodamet, a syndicate of metal-working firms) achieved a quasi-monopolistic positon.
Could you please explain the connection between banks and forming of trusts, cartels etc. Thanks
Top answer
Banks are big, successful enterprises. They have enormous buildings and pay their executives millions. How do banks make so much money?
- Banks are big, successful enterprises.
- They have enormous buildings and pay their executives millions.
- How do banks make so much money?
- 1.
- The depositors, ordinary people, open accounts.
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Banks are big, successful enterprises. They have enormous buildings and pay their executives millions.
How do banks make so much money?
1. The depositors, ordinary people, open accounts. They give the bank all their money rather than put it under their mattresses. They continuously put extra money from their salaries into the bank.
2, The bank has a load of money now, from al
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