Industry Regulation Quotes
The National City Company was formed expressly as an attempt to dominate and monopolize the United States economy. It was a holding company that included Standard Oil, National City Bank, 16 other banks, and the Union Pacific and Southern Pacific railroads among others, all controlled by the same 3 men--William Rockefeller, .James Stillman, and Frank Vanderlip.
This quotation is of interest because it shows that the switching of positions by the two dominant parties on protectionism and free trade was not just an American phenomenon. Like the United States, the English conservatives on the right were for strong protectionist measures, while the left was for free trade. By the beginning of the 21st century the parties flip flopped both in the U. S. and in England.