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What were Adam smith's ideas about the free enterprise system?
Adam Smith advocated an entirely free market. That is, no regulation of any sort to businesses, permitting monopolies, businesses agreeing to fix prices, trusts, etc.
How do trusts eliminate the competition?
Trusts cut prices to drive competitors out of business.
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 concerns did critics of big businesses have regarding trusts?
The concerns critics have on big business regarding trusts is that to earn more money trusts often tried to get rid of competition and to control production. The wealth and size of trusts such as standard oil made many Americans fear the influence of business leaders over government.
What concerns did critics of big business have regarding trustd?
Critics of big business were particularly concerned about trusts because they concentrated economic power in the hands of a few corporations, reducing competition and leading to monopolistic practices. This concentration often resulted in higher prices for consumers, lower wages for workers, and stifled innovation. Additionally, trusts were seen as having undue influence over politics and government, undermining democratic processes and accountability. Overall, the critics feared that trusts threatened the fairness and integrity of the free market system.
What were Adam smith's ideas about the free enterprise system?
Adam Smith advocated an entirely free market. That is, no regulation of any sort to businesses, permitting monopolies, businesses agreeing to fix prices, trusts, etc.
What has the author Peter Tropper written?
Peter Tropper has written: 'Pen$ion power for economic development' -- subject(s): Pension trusts, Investments 'Enterprise zones' -- subject(s): Enterprise zones, Urban policy
Which of these contributed least to the creation of a railway system in the unites states?
Trusts
What are the advantages and disadvantages of monopolistic trusts such as the Standard Oil Trust for consumers?
One advantage of a monopolistic trust are that prices can remain low. Disadvantages of monopolistic trusts is that it eliminates competition and can result in an unequal distribution of wealth.
The two key goals pursued by progressives were to curb the threats posed by?
the trusts; and to stem the socialist threat by generally improving the common person's conditions of life and labor.
What did most progressives want to break up and regulate large companies?
trusts~apex
How did president Taft's accomplishments regarding conservation and trustbusting compare to the president Roosvelt's?
Taft appointed a cabinet official who opposed Roosevelts conservation policies. <NN>
Most progressives want to break up what and regulate large companies?
trusts~apex
When was The Wildlife Trusts created?
The Wildlife Trusts was created in 1912.
When was The Killam Trusts created?
The Killam Trusts was created in 1965.
What was Eugene debs attitude towards trusts?
he viewed the trusts and corporations as enemies of working class. He fiercely opposed the trusts.
What did the Supreme Court decide about trusts?
That trusts were legal in other countries
