What is the value Profile picture
Mar 13 7 tweets 1 min read Read on X
@ChiefEngineerCE If you search you will see the founders did not allow a corporation to exist without special permission.
When they did allow a corporation to exist it was only allowed for up to 4 years and then not renewed.
This is the problem.🧵
@ChiefEngineerCE Initially, forming a corporation required a special legislative act, but states began adopting general incorporation laws in the 1830s and 1840s.🧵
@ChiefEngineerCE Small banking corporations existed shortly after the American Revolution, but the first major industrial corporation was the Boston Manufacturing Company, founded in 1813. 🧵
@ChiefEngineerCE This is what has destroyed our nation. Even though corporations are not people in law and code they are recognized as a "Person"
Most are quite confused about this. 🧵
@ChiefEngineerCE The 1819 Supreme Court case Trustees of Dartmouth College v. Woodward established that corporate charters were protected contracts and not subject to arbitrary state interference.🧵
@ChiefEngineerCE By the 1860s, corporations grew rapidly, especially with the expansion of railroads, oil, and electricity. The rise of large, nationwide corporations led to the emergence of "Robber Barons" and later, antitrust laws in the late 19th century.🧵
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