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monopolies were like a big business that people had owned like Rockefeller and the oil company that he owed all the oil and the people in America would buy it and Rockefeller will have the money from the people and the power from them
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoStandard Oil, it controlled most of the United States' oil production, the pipelines, and much of the oil and natural gas producing property.
Wiki User
∙ 11y agothere were quite a few: railroads, steel, but the biggest was Standard Oil, run by John D. Rockefeller.
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What did monopolies and trusts reduce during the late 1800s?
Monopolies limited competition in a certain market. Limited competition meant that the company could choose any price they wanted.
What was a business practice employed by the titans of industry in the late 1800s?
Creating monopolies and trying to control the industry were business practices employed by the totals of industry in the late 1800s.
How did passing the sherman antitrust act attempt to reform US business practices in the late 1800s?
They tried to reform it by passing laws that outlawed monopolies and trusts.
How did industrial leaders accumulated wealth during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
What was the name given to the riches leaders of industry in the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did robber barons create monopolies in the US in the 1800s?
By improving working conditions
How did robber barons create monopolies in the US in the late 1800s?
By improving working conditions
What did monopolies and trusts reduce during the late 1800s?
Monopolies limited competition in a certain market. Limited competition meant that the company could choose any price they wanted.
What was a business practice employed by the titans of industry in the late 1800s?
Creating monopolies and trying to control the industry were business practices employed by the totals of industry in the late 1800s.
In the late 1800s supporters of monopolies believed that monopolies added to the general economic prosperity What did the critics of monopolies say?
I'm pretty sure that its b: In there pursuit of profit, ruthless business leaders destroyed competition and were free to set prices at any level.
What is a monopoly who obtained monopolies in the late 1800s?
Waka Flocka Flame 1017 BrickSquad monopoly Ceo bossed up
How did passing the sherman antitrust act attempt to reform US business practices in the late 1800s?
They tried to reform it by passing laws that outlawed monopolies and trusts.
How did American industrial leaders accumulate during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did industrial leaders accumulated wealth during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
What was the name given to the riches leaders of industry in the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did the development of monopolies affect America in the late 1800s?
Monopolies came to the United States with the colonial administration. The large-scale public works needed to make the New World hospitable to Old World immigrants required large companies to carry them out. These companies were granted exclusive contracts for these works by the colonial administrators.
Does monopolies exist?
Yes, monopolies exist when a company dominates a particular industry and controls a large portion of the market. This can lead to less competition, higher prices for consumers, and less innovation in the industry. Governments often regulate monopolies to promote fair competition.
