Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition. Competition was unacceptable...it was not the existence of monopoly that caused the federal government to intervene in the economy, but the lack of it.
![Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition.](http://cdn.quoteddaily.com/images/gabriel-kolko/despite-the-large-number-of-mergers-and-the-growth-in-the-absolute-size-of-many-corporations-the-dominant-tendency-in.jpg)