Corporations

Corporations in the 1830s and 1840s

Following the Panics of 1837 and 1839, the American government and Americans generally had developed a skepticism about corporations. Some states even “rewrote their constitutions in the 1840s” to forbid their state government from stock ownership. See Daniel Walker Howe, What Hath God Wrought: Transformation of America, 1815-1848, 557.

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