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Why were many people opposed to the certain of monopolies and trusts?
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Why were many people opposed to the creation of monopolies and trusts?
Trusts put smaller competitors out of business using unfair tactics. Trusts could unfairly raise prices since they had no competition. Trusts had too much influence on government officials.
What were monopolies and trusts?
Monopolies and trusts were big businesses that had gained control over all other competition, therefore allowing themselves to regulate prices (usually causing widespread debt on people who were reliant on their services). An example of this is the railroad companies during the industrial revolution who could charge ludicrously per freight car of goods shipped to the farmers who were unable to get their goods out otherwise. These monopolies, or trusts, are now prevented by the government to keep them from hurting others as they did in the past.
Who was the first president to take real action against trusts and monopolies?
Theodore Roosevelt
What is the 1890 law that prohibited monopolies and trusts that restrained trade?
Sherman Anit-Trust Act
How did trusts and holding companies created unofficial monopolies?
no How rude of you. Someone please answer this question. please?
Why were many people opposed to the creation of monopolies and trusts?
Trusts put smaller competitors out of business using unfair tactics. Trusts could unfairly raise prices since they had no competition. Trusts had too much influence on government officials.
What did roosevelt do about monopolies and trusts?
he cancelled them.
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.
Which was a progressive goal pursued by President William Howard Taft?
breaking up business trusts and giant monopolies
Why were people oppose to the creation of monopolies and trusts?
Trusts put smaller competitors out of business using unfair tactics. Trusts could unfairly raise prices since they had no competition. Trusts had too much influence on government officials.
Which business organizations were designed to avoid regulations and act as monopolies?
Trusts and cartels were designed to avoid regulations and act as monopolies.
What was the antitrust policy?
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
What action did congress take to control trusts and monopolies in response to pressure from the American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
What action did congress take control trusts and monopolies in response to pressure from American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
What often happened to monopolies and trusts during the progressive era?
coruption
In the late 1800s the US government became increasingly concerned about the lack of competition in certain industries as large corporations and trusts were formed In 1890 Congress pass?
to prevent monopolies by big corporations or trusts :) yay for study island!
In the late 1800s the US government became increasingly concerned about the lack of competition in certain industries as large corporations and trusts were formed. In 1890 Congress passed?
to prevent monopolies by big corporations or trusts :) yay for study island!
