Knowledge that Transforms

Any consideration of the current bank-merger move ment in the United States must be oriented to the particular economic framework existing in American society. The indus trial economy of the United States is marked by a signifi cant degree of industrial concentration in many industries. More specifically, at year-end 1952, out of a total of 2 6 7 ,0 0 0 manufacturing establishments, employing an aggre gate of 15,944-,379 employees, and accounting for a total value added by manufacture of $108.5 billion, 5 ,1 7 9 or less than 2 per cent of the total number of these manufacturing establishments accounted for $5 6 .3 billion or 519 per cent 2 of the total value added by manufacture. 2 Figures computed from data contained in U.S.