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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 else can I help you with?
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.
Which was a progressive goal pursued by President William Howard Taft?
breaking up business trusts and giant monopolies
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 was the antitrust policy?
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
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 often happened to monopolies and trusts during the progressive era?
coruption
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.
The creation of trusts resulted in prices.?
The creation of trusts led to monopolies and oligopolies, which often resulted in higher prices for goods and services due to reduced competition in the market. Trusts could dominate entire industries and stifle competition, leading to increased control over pricing. This concentration of power led to concerns over consumer welfare and the need for antitrust legislation to prevent price manipulation and promote fair competition.
What did president Roosevelt's attacks on monopolies and trusts come to be called?
trust-busting
What was the goal of the anti-trust act?
to prevent monopolies by big corporations or trusts
