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-Investment sponsored by banks and bankers that typified the American business scene at the end of the nineteenth century. After the Panic of 1893, bankers stepped in and reorganized major industries to stabilize them, leaving power concentrated in the hands of a few influential capitalists.

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The term "finance capitalism" refers to the investment sponsored by banks and bankers that came to typify the American business scene in the late 19th century. After the Panic of 1893, bankers reorganized major industries to stabilize them, leaving power in the hands of a few capitalists.

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