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The Rapid Growth of Output and Productivity in Germany Essay

  • Submitted by: StacySummer1
  • on March 26, 2014
  • Category: History
  • Length: 254 words

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Below is an essay on "The Rapid Growth of Output and Productivity in Germany" from Anti Essays, your source for research papers, essays, and term paper examples.

The rapid growth of output and productivity in Germany was accompanied by a rapid increase in the concentration of the means of production in the hands of big industrialists and progressive enlargement of firms.
Consolidation have occurred both by increasing the number of workers serving the same machine or apparatus, and due care by one of several machines.
Relatively early high level of concentration of production summed against the formation of large monopolistic business associations (cartels, syndicates, trusts, corporations *), especially in heavy industries.
In Germany, the cartel established form - first, the lowest form of capitalist associations, which allowed the union to engage in a large number of participants and artificially keep businesses operating at high production costs.
By the late 19th century in Germany was allocated only 9 banks, concentrated in their hands most of the banking operations, in particular the financing of industry. Large banks are constantly ravaged, absorbed or converted to their branches smaller banks.
Four banks of the six largest were in the dominant position (Deychebank, Diskontogezelshaft, Darmshtedshterbank, Dresdner).
Concentration of banking capital in Germany had a big impact on the acceleration of education and industrial monopolies. The emergence and development of powerful monopolies in the German electrical industry was strongly supported by the banks. Bigger role banks played in the formation of monopolies. Unlike the USA, where the development of the financial sector defined industrial capital, in Germany it were the banks who have played an active role in the establishing and strengthening of the position of industrial monopolies.

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"The Rapid Growth of Output and Productivity in Germany". Anti Essays. 13 Dec. 2018


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The Rapid Growth of Output and Productivity in Germany. Anti Essays. Retrieved December 13, 2018, from the World Wide Web: http://parimatchstavki7.com/free-essays/The-Rapid-Growth-Of-Output-And-599701.html