Join us for the next Canadian Business History Webinar: Big Oil, Big Auto and Anti-Trust-History’s Lessons for Big Tech?
At the turn of the 20th century, John D. Rockefeller’s Standard Oil was a force to be reckoned with. In the year 1904, it controlled 91% of oil production and 85% of final sales in the United States. As a result, an antitrust case was filed against the company in 1906 under the Sherman Antitrust Act. The government won the case and the company was split into 34 separate entities in 1911.
In the auto industry, early Canadian companies were aided by a National Policy and Commonwealth tariff system that encouraged domestic production. But soon, smaller Canadian operations were forced out of business by the huge financial demands and technological innovations required by the fast-developing industry. American firms bypassed the National Policy tariff by creating US-owned Canadian branch plants, which then also took advantage of the British preferential system to export from Canada to other countries at a lower tariff rate, since the goods they built were made in Canada. Soon, the Canadian industry consolidated into a few, large U.S.-owned companies.
What lessons from these past industry trends of competitive consolidation and government-ruled breakups can be learned for today's technology companies? This question and more will be analyzed by our panel.
Moderator: Howard Green, noted bestselling author, communications consultant and former broadcaster.
Professor Dimitry Anastakis, University of Toronto
Professor Graham Taylor, Trent University
Date: May 28th, 2021
Time: 2:00 pm EST
Attendees will need to register to attend. All registered participants will be given login information on May 27th.