The Journal of Economic History


New Jersey Corporate Chartermongering, 1875–1929

Christopher Grandya1

a1 Assistant Professor of Economics, Barnard College, 3009 Broadway, New York, NY 10027.


New Jersey played a dominant role in the merger wave at the turn of the century. The state facilitated the rise of large firms by liberalizing its corporation law in exchange for incorporation fees and franchise taxes. This article suggests that chartermongering emerged from the U.S. federal political system and the economic structure of the state. Delaware became the preferred state of incorporation as New Jersey's economic structure changed.