English to Serbian Social Sciences History history of nineteenth century: economy, market, competition, monopoly

However, market control and elimination of competition were only one aspect of a more general process of capitalist concentration... It does not much matter what we call it ('corporation capitalism', 'organized capitalism', etc.) as long as it is agreed that combination advanced at the expense of market competition, business corporations at the expense of private firms, big business and large enterprise at the expense of smaller...

Like economic concentration 'scientific management' was the child of Great Depression. Its founder and apostle F. V. Taylor began to evolve his ideas in the problem-racked American steel industry in 1880. It came to Europe from the west in the 1890s. Pressure on profits in the Depression, as well as the growing size and complexity of firms, suggested that the traditional, empirical or rule-of-thumb methods of running business, and especially production, were no longer adequate. Hense the need for a more rational or 'scientific' way of controlling, monitoring and programming large and profit-maximizing enterprises.