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How did trusts like Standard Oil become large?
Eliminating competition.
How did people say trusts hurt the free enterprise system?
Critics argued that trusts stifled competition by allowing large corporations to dominate markets, leading to monopolistic practices that drove smaller businesses out of operation. This concentration of economic power hindered innovation and choice for consumers, as fewer companies controlled prices and quality. Additionally, trusts were seen as corrupting the political system through lobbying and influence, further undermining the principles of a free enterprise system that relies on fair competition and equal opportunity.
Is the marginal benefit of a glass of water large or small?
water is necessary for life, is the marginal benefit of water is large or small?
How does the goal of stock price maximization benefit the society at large?
The society benefit throughconsumer benefitemployee benefit
What large trusts like standard oil and swift and armour justified their economic domination of their industries by claming that?
B) only large-scale methods of production and distribution could provide superior products at low prices. :)
What did most progressives want to break up and regulate large companies?
trusts~apex
Most progressives want to break up what and regulate large companies?
trusts~apex
What arguments did supporters of trusts use and what arguments did opponents of trusts use to justify their respective positions?
Supporters of trusts argued that they created efficiencies through economies of scale, reduced competition, and allowed for better resource allocation, which could lead to lower prices and improved products for consumers. They believed that large corporations could drive innovation and economic growth. In contrast, opponents of trusts contended that they stifled competition, led to monopolistic practices, and exploited consumers and workers. They argued that trusts concentrated power and wealth in the hands of a few, undermining fair market principles and democratic ideals.
How does President Roosevelt felt about trusts?
President Theodore Roosevelt viewed trusts, or large corporate monopolies, with a mix of skepticism and pragmatism. He believed that while some trusts could promote efficiency and innovation, many were creating unfair competition and exploiting consumers. As a result, he championed the regulation of these trusts through antitrust measures, most notably with the Sherman Antitrust Act, to ensure fair competition and protect the public interest. Roosevelt's approach was to distinguish between "good" trusts that benefited society and "bad" trusts that harmed it.
How did industrial giants (trusts) gain political influence?
Just like the corporations of today they gave large donations to politicians and made sure that they had laws and taxes passes to benefit them.
What did Woodrow Wilson campaign for in 1912?
the break-up of large trusts
With the rise of large corporation and trusts workers sought to?
Organize unions
How do community land trusts benefit a community?
Community land trusts are set up as non-profit organizations for the purpose of owning and preserving land through stewardship. Each organization decides on its mission and then begins to acquire title to any land that it can afford to purchase, mostly undeveloped land such as farms, wetlands, wildlife habitats, coastlines, land along waterways, etc. The land can then be used for passive public recreation. Land trusts benefit the community by conserving and protecting large green areas from development and provide the public with access to nature.
Trusts like standard oil became large mostly by?
Eliminating business
What did progressives wanted to break up and regulate large companies?
trusts~apex
What did most progessives want to brek up and regulate large companies?
trusts
How did trusts like Standard Oil become large?
Eliminating competition.
