The Corporate Basis Of The Trump Immunity SCOTUS Case
While the history of corporations can be traced back over 500 years into England, the history of corporations in America can be traced back to the 1790s. Between 1790 and 1860 over 22,000 corporations were created by special legislative acts, and then starting in the 1840s and 1850s general incorporation laws were introduced. Between 1865 and 1900 the Robber Barons took advantage of corporations to create monopolies in steel, railroads, oil, and other areas. The basic concept of a corporation can be found in the name of an LLC, which stands for a Limited Liability Corporation. The most basic example of why corporations exist is to limit the liability of a rich person that wants to build a bridge. In the past, worker safety laws were quite lacking, and it was not uncommon for workers to die while building a bridge. So a corporation had to be formed by the one rich person and a few of his friends that will limit their liability when worker...