When a lesser number of costs and risks are desirable, or when it is not possible to obtain complete or majority control, the parent company might introduce an affiliate, associate or associate company in which it would own a minority stake.
Shermanâs March to the Sea was a campaign during the American Civil War. It was a march from Atlanta, GA to Savannah, GA. The campaign was a month long that took place from November 1864 to December 1864. It is called Shermanâs March to the Sea because the officer in command was Major General William Tecumseh Sherman. The campaign is most famous for the destruction that was left in the wake of Shermanâs army.
Along the way, his army was joined by thousands of former slaves who brought up the rear of the march because they had no other place to go. Sherman's army reached Savannah on December 22. Two days later, Sherman telegraphed President Lincoln with the message I beg to present to you, as a Christmas gift, the city of Savannah.... It was the beginning of the end for the Confederacy.