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The re-writting of incorporation.
The laws of incorporation began here to change. There is a boom in the amount of chartered banks in the US. These banks sole purpose was to lend money to investors in the chartered buisness world. This begain the expansion of corporations on the face of America. -
Commercial Law Changed
At this time in US history, commercial law was changed in ordder to enhance the prospects of private investment. Granting larger gains to incorporated buisnesses. -
Chartered corporate banks boom
by the year 1817, there was more than 1,800 chartered banks in the US. This was a far stretch from the beginning of the expansion in 1800, when there were only 20 banks. -
The Fourteenth Amendment
No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.---
Corporate Lawyers used the 14th amendment to gain rights and privlages for corporations. This lifted the restrictions that prevented the incorporated buisness from achieving higher capital. -
State Issued Railroads bring industry
In 1869, the first transcontinental railroad was finished in the US. The railroad industry then helped excellerate the growth of incorporated buisnesses. The Railroad helped the corporate form grow into what it is today. -
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States Poured mass money into railroads
The innovation of the locomotive became a commodity and allowed fast travel across the country. To advance as a nation and stay competitive, states pour massive amounts of money into building railroads. -
Progressive Movement sweeps Nation
Progressivism helped push the corporate world forward. Progressives believed in social darwinism. They believed in a natural law, and the most productive members of society would advance. This was adopted mostly by buisnessmen and helped the corporate world forward.
