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Charles River Bridge Case
Essay specific features
Written by:
Linda S
Date added:
April 8, 2013
Level:
University
Grade:
A
No of pages / words:
3 / 761
Was viewed:
7786 times
Rating of current essay:
Essay content:
The Boston community was now enjoying the convenience of two bridges, and Harvard College was enjoying annually the use of money in compensatory payments. As the traffic on both spans increased, the tolls poured in and the value of the stock grew apace.
By the 1820s, Massachusetts chartered a third bridge, the Warren Bridge, which was to be constructed within a few rods of the Charles River Bridge...
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The Charles River Bridge proprietors strongly objected to this third bridge because the competition would diminish their profits. But Massachusetts citizens viewed the Charles River Bridge as monopolistic and welcomed competition and reduced tolls. The Warren Bridge was completed as planned. Within a year the Charles River Bridge suffered a 40 percent drop in revenues...
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