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The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter, Goodwin & Company, and Kinney Brothers.
6 days ago · American Tobacco Company, American industrial conglomerate that was once the world’s largest cigarette maker. The history of the American Tobacco Company traces to the post-Civil War period in North Carolina, when a Confederate veteran, Washington Duke, began trading in tobacco.
- Origins
- Growth and Dissolution
- The Sherman Antitrust Act
- Loss of Leadership and Diversification
- Bibliography
The mechanization of cigarette production during the 1880s facilitated tremendous advances in the volume of output, and by the end of the decade cigarette manufacturing in America had become concentrated into the hands of a small group of enterprises. The firm that emerged as the industry leader during this period was the Durham-based company of W....
The American Tobacco Company was thus a five-firm merger—W. Duke, Sons & Co., Allen & Ginter, Kinney Tobacco Co., William S. Kimball & Co., and Goodwin & Co.—that created a manufacturing concern with a virtual monopoly of production over machine-made cigarettes. Duke used American Tobacco's strength in the cigarette segment to extend its control ac...
P resident Benjamin Harrison and Congress enacted the Sherman Antitrust Act in 1890 in response to public concern over the dominance of monopolies, or trusts, in American business. Written by Senator John Sherman, the law stipulates that "every contract, combination, or conspiracy, in restraint of trade or commerce among the several states, or with...
The subdivision of assets between the successor companies left the reformed American Tobacco Company with a substantial market share, for it retained many of its successful cigarette brands, notably Pall Mall. Duke stepped down as chairman and was replaced by Percival S. Hill, a longtime accomplice from Durham. In the competitive melee that followe...
Cox, Reavies. Competition in the American Tobacco Industry, 1911–1932. New York: Columbia UniversityPress, 1933. Durden, Robert F. The Dukes of Durham, 1865–1929.Durham, N.C.: Duke University Press, 1975. Kluger, Richard. Ashes to Ashes: America's Hundred-Year Cigarette War, the Public Health, and the Unabashed Triumph of Philip Morris. New York, A...
The American Tobacco Company, one of the first giant holding companies in American industry, was incorporated in North Carolina on 31 Jan. 1890 by James B. Duke. Duke's father, Washington, had become a successful small manufacturer of tobacco after the Civil War.
The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter, Goodwin & Company, and Kinney Brothers.
When Duke's American Tobacco Co. was listed on the New York Stock Exchange in the summer of 1890, it signaled the combination of the major producers in its industry.
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During the 188's and 1890's, the innovations of James Buchanan Duke first disrupted and then rationalized the American tobacco industry. Duke's career and the early history of his American Tobacco Co. serve as case studies in both the history of business administration and in the coming of “big business” to the United States.
