The first successful trust was Rockefeller's Standard Oil, which amassed a 90% share of all US oil. Other "capitalists" got in on the game, forming the Cotton Seed Oil Trust (75% market share), the Sugar Trust (85%). Then came the Whiskey Trust and the Beef Trust. America was becoming a planned economy, run by a handful of unelected "industrialists" with lifetime appointments and the power to choose their successors.
Mind blown. I had no idea there were so many trusts setup in the states like this