by Robert Jawitz

While some centralization in business happened in the US in the late 19th century and early 20th century (the "robber barons"), most happened in the late 1920's. This was entirely due to the market speculation and the introduction of margin purchases of stock that caused the hyper-inflation of the stock market in 1928 and 1929.

by Robert Jawitz

In our companion article, Where Do We Go From Here, we traced the source of climate change to the Industrial Revolution. The burning of coal and then oil fueled the myriad of new machines from locomotives to the coal fired electricity to run our offices and factories, to the automobiles to get there and to the trucks to transport the goods to and fro. But it also fueled the CO2 concentrations in the atmosphere.