A Brief Note On Corporations Multinationals Internet ►

2524 WordsAug 10, 201611 Pages
◄ Corporations-Multinationals-Internet ► The Idea of the corporation was born and chartered in the 16th century in Europe. The first endorsers of the long lasting project were. England and Holland. “I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. ... Corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.” U.S. President Abraham Lincoln, Nov. 21, 1864 (letter to Col. William F. Elkins) Ref: “The Lincoln Encyclopedia”, Archer H. Shaw (Macmillan, 1950, NY) The World Investment Report of 2009, published by the UNCTAD (United Nations Conference on Trade and Development), states there is a total of 889,416 multinational companies (MNCs) around the world: 82,053 parent corporations and 807,363 affiliates. For whomever wants to find out in details I suggest this link: http://www.globalissues.org/article/234/the-rise-of-corporations Starting in the late 1970s, the Reagan days, many U.S. states adopted intrastate branching and the interstate banking deregulation that lifted the restrictions on bank expansions and facilitated access to finance. Corporations were given the right to influence government in their own interests, the same as were extended to individual citizens. Those

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