This document summarizes the history and evolution of scholarly publishing, including:
- Commercial publishers began acquiring journals in the 1960s, dominating the market with high profit margins.
- Journal prices skyrocketed in the 1990s-2000s beyond what libraries could afford, known as the "serials crisis".
- The rise of open access emerged due to the internet and high journal costs, allowing unrestricted online access to peer-reviewed research.
- Publishers were seen as only caring about profits, fueling a backlash against traditional models.