Trust Meaning In History. Old High German trost trust fidelity. Belief that someone or something is reliable good honest effective etc.
In a business application the trust was an arrangement under which stockholders in a company. TO LIVE without history is to live without a form of memory. From Old Norse traust help confidence protection support.
What is the origin and history of trusts.
A reliance or resting of the mind on the integrity veracity justice friendship or other sound principle of another person. Trust in Anglo-American law a relationship between persons in which one has the power to manage property and the other has the privilege of receiving the benefits from that property. Trusts have been used for estate planning and asset protection for centuries and their usefulness and flexibility for these purposes have been proven by the test of time. In the late nineteenth and early twentieth centuries a trust was a monopoly or cartel associated with the large corporations of the Gilded and Progressive Eras who entered into agreementslegal or otherwiseor consolidations to exercise exclusive control over a specific product or industry under the control of a single entity.
