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Q: How did holding company help businesses?
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Social Darwinism provided a justification for the ruthless competition and monopolistic practices adopted by businesses like Carnegie Company and tycoons. It promoted the idea that the strongest and most successful businesses would naturally rise to the top, allowing these companies to exploit workers and resources with little regard for ethical or social consequences. This ideology helped these businesses consolidate power and wealth, leading to the consolidation of monopolies and massive profits.


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