Trusts+ap

=**TRUST**=

In 1882 Standard Oil formed the first Trust ﻿a new way of emerging businesses that did not violate such law. A trust is legal arrangement that allows one person to manage another person`s property. the person who manages that property is called a trustee. Instead of buying a company outright, standards oil had stockholders give their stocks to a group of standard oil trustees. In exchange the stockholders received shares in trusts,which entitled them to portion of the trust`s profit. .