Word: overbidding
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Dates: during 1925-1925
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...business still takes its toll of small, : but it does so mostly by the greater efficiency which comes from mass operation and this is regarded as legitimate. The old trust masters, ambitious egoists, often unscrupulous, . have either died or retired. In their place is a new generation who overbid their competitors in efficiency, of which Henry Ford is an example. The public fear of trusts has gone likewise, because the public understands that big business is a necessity under modern conditions and, especially in the last decade, because the public is becoming more and more a security holder...