What does monopoly mean in us history?

Answer 1

A monopoly is when a single person or business own and controls every part of a industry. In US history, monopolies or trusts began to appear in the 1850's. Men such as Rockefeller, Carnegie, Vanderbilt and Morgan all owned huge monopolistic corporations in oil, steel, railroads, and banking. These corporations enabled prices to drop because the consolidation of production was more economical. On the other hand, they also singularly controlled prices, often to the demise of the commoner. These corporations were eventually broken up by presidents Roosevelt and Taft in the beginning of the 1900's.

Answer 2

A monopoly is when one single company owns all of that trade. It's also used when there are few companies in that trade. For example, Microsoft is sometimes considered a monopoly because they are one of the few in the trade.

Answer 3

The word monopoly means "sole selling rights." That is, the holder of a monopoly for a product or a service is the only one allowed to sell it.

By extension, a monopoly is when a company gains control both horizontal and vertical control over an industry. That is to say the company has control over production and distribution of a general (non copyright) product.

A monopoly is when a company controls all of the resources for one service, for example if one company bought all of the companies that make pipes then hiked the prices up to something astronomically high, that is a monopoly because there is no competition and it is illegal.

Answer 4

Control of a particular industry .!