During the 1920s, the trend toward industrial consolidation was most pronounced in industries dependent on large-scale mass-production. slowed considerably throughout the decade. encouraged new competition. emerged most rapidly in industries that were less dependent on technology. bypassed the steel and automobile industries.

During the 1920s, the trend toward industrial consolidation
was most pronounced in industries dependent on large-scale mass-production.
slowed considerably throughout the decade.
encouraged new competition.
emerged most rapidly in industries that were less dependent on technology.
bypassed the steel and automobile industries.
 
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