Prior to Wilson's Governorship, New Jersey had a reputation as "The Mother of Trusts" due to its friendly tax-laws towards corporations and liberal incorporation laws. Today Delaware is most famous for this sort of thing, but Delaware based its laws on New Jersey. This is why Standard Oil, among others, incorporated in the state.
By 1904, the nation's seven largest trusts were incorporated in New Jersey and 150 out of 298 lesser trusts were incorporated in New Jersey. The Republicans and Democrats in the state put antitrust tenants in their party platforms by 1912, but they really weren't interested in following through.
This all was pretty good for New Jersey, considering 30% of the state's income came from the abundance of trusts in the state.
What if this hadn't changed under Wilson? Wilson only took office in Trenton in January of 1911 and by mid-1912 he was campaigning for President, so let's just say other issues come up during his brief Governorship and he never gets around to this. He pushed for it in his final gubernatorial address in 1913, but maybe something stops him from doing so.
By 1904, the nation's seven largest trusts were incorporated in New Jersey and 150 out of 298 lesser trusts were incorporated in New Jersey. The Republicans and Democrats in the state put antitrust tenants in their party platforms by 1912, but they really weren't interested in following through.
This all was pretty good for New Jersey, considering 30% of the state's income came from the abundance of trusts in the state.
What if this hadn't changed under Wilson? Wilson only took office in Trenton in January of 1911 and by mid-1912 he was campaigning for President, so let's just say other issues come up during his brief Governorship and he never gets around to this. He pushed for it in his final gubernatorial address in 1913, but maybe something stops him from doing so.