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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.
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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.
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.
Good trusts and bad trusts Theodore Roosevelt?
"good trusts" - ones that consolidate industries to be internationally competitive, or offer good prices "bad trusts" - ones that reduce competition and drive up prices
How do trusts eliminate the competition?
Trusts cut prices to drive competitors out of business.
Which of these contributed least to the creation of a railway system in the unites states?
Trusts
How did the New Deal policy of loaning money to farmers help create higher prices for farm goods?
New Deal regulation of the banking industry resulted in the creation of
How did monopolies trusts and holding companies affect big business?
Monopolies, trusts, and holding companies significantly shaped big business by consolidating market power and reducing competition. These entities allowed firms to control prices, limit production, and eliminate rivals, leading to increased profits for the dominant companies. However, their practices often resulted in public backlash and calls for regulation, as they could stifle innovation and harm consumers. Ultimately, these structures contributed to the creation of antitrust laws aimed at promoting fair competition in the marketplace.
These are unofficial mergers formed to control prices and production in the marketplace?
trusts
The creation of trusts during the late 1800s depended on businesses' willingness to?
cooperate with their competitors
After the trusts had eliminated the competition they would cut back on production and?
raise prices
What effect did the industrial consolidation and trusts have on business?
Industrial consolidation and trusts significantly transformed the business landscape by creating monopolies and reducing competition. This led to increased market control for a few large companies, allowing them to set prices and dictate terms without fear of competition. While some argued that this could lead to efficiencies and lower prices, it often resulted in higher costs for consumers and fewer choices in the marketplace. Additionally, the rise of trusts prompted government regulation and antitrust laws aimed at curbing their power and restoring competition.
Was the creation of the united nation useful?
no, this resulted in American pigs
