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J.P. Morgan

The unexpected consequences of J.P.Morgan's deal to create U.S. Steel, which controlled 60% of the US market, have vibrated through every decade.

 

Our century ends as it began, with corporations rushing headlong into wedlock.

Once again, it’s merger-mania time in the United States as a new century draws nigh. Headlines proclaim the impending or actual union of Capital Cities/ABC and Disney; of Turner and Time Warner; of Chase and Chemical; of USAir and United—or perhaps American.

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