December 30, 1899
American Bell, at the time parent corporation of the AT&T company, reorganizes and transfers its assets into AT&T. American Bell was incorporated in Massachusetts and AT&T was incorporated in New York. Massachusetts corporate laws would have limited the growth of American Bell so by reorganizing, AT&T could bypass Massachusetts law by becoming the parent company of American Bell and the Bell System. Eventually AT&T would become a legalized monopoly in the United States.
AT&T Takes Over Bell System is original content of This Day in Tech History.
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