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Q: Why do you think the US congress prohibited monopolies and trusts?
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Why did the government at first hesitate to break up trusts and monopolies?

I don't think it was really malicious. The government just didn't see trusts and monopolies as a problem, even though they were reducing the amount of business activity in the United States.


Why did government at first hesitate to break up trusts and monopolies?

I don't think it was really malicious. The government just didn't see trusts and monopolies as a problem, even though they were reducing the amount of business activity in the United States.


Why was the Sherman Anti-Trust passed?

In the United States, in the late 1800's, there were many monopolies. A monopoly is a business in an industry that other companies can't compete with. The problem with that is that the monopoly can charge whatever price they want for what they make, and when there is no competition there is no need to improve. Competition is what improves the world, just think about it. At that time there was also Trusts. Trusts are a group of monopolies lead by one board of directors. This is terrible for many businesses. The Sherman Antitrust Act banned trusts and monopolies. It was a very important Act.


What does Jackson think about the people of South Carolina?

Jackson thinks he is on solid ground in his approach. He trusts congress will support his efforts to preserve the union.


What did farmers think about monopolies?

The farmers didn't like monopolies because they couldn't get any workers to work for them.


Why did the progressives work against monopolies?

because they think it is gay


Why did some people think trusts were bad for society?

because


Why are monopolies known to be bad?

I think it is because people get jealous that others are more successful than them, so they convince an army of idiots to try to make monopolies illegal.


How were monopolies ended?

Because people criticized that monopolies were unfair and that companies that were using monopolies were too vague. So the government stepped in and made a law that monopolies were no longer allowed. Think of it as the game monopoly. What is your goal? Your goal is to get money and buy all of the companies that are in your way so you would buy their company and there you go, they were out of your way. I hope that helps.


What was the biggest problem with monopolies?

I think the biggest problem was the small buisnesses got ran out of buisness


What is an example of an economic reform?

I think it's breaking up the trusts and monoplies


What does it mean when the boss tells you his personal life?

9zI think it means he or she trusts you.