Programmed to Chill cover image

Programmed to Chill

01 - Introductions, and S^llivan & Cr^mwell pt. 1, or, Real Life Monopoly

May 20, 2021
38:54

Podcast summary created with Snipd AI

Quick takeaways

  • Sullivan & Cromwell facilitated the transition of profits from slavery to major monopolies during America's Gilded Age.
  • William Nelson Cromwell's legal maneuvers and strategic regulations shaped modern corporate structures and influenced key historical events like the Panama Canal.

Deep dives

Sullivan and Cromwell's Significance in Big Business

Sullivan and Cromwell, an international law firm based in New York City, played a crucial role in orchestrating profits from slavery and sweatshops into major monopolies during America's Gilded Age. The firm specialized in handling business for cartels, syndicates, trusts, and mergers and acquisitions, working with companies seeking or already holding monopolies. This involvement extended to creating and organizing some of America's significant industrial and financial enterprises, exemplified by their role in establishing companies like Edison's General Electric and US Steel.

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