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In the late 1800s supporters of monopolies believed that monopolies added to the general economic prosperity What did the critics of monopolies say?
I'm pretty sure that its b: In there pursuit of profit, ruthless business leaders destroyed competition and were free to set prices at any level.
What were some of the most famous monopolies of the late 19th century?
Andrew carnagies steel company. john d. rockafellers standered oil company. and that's all i can think of haha.
How did robber barons create monopolies in the US in the late 1800?
The robber barons utilized and manipulated the idea of trusts and decimated even the smallest competition, making their industry into a monopoly. This eventually led to the Sherman-Antitrust Act.
What were the results of the new market structures in the late 1800s?
The new market structures, of the late 1800s, resulted in several industries being monopolized. The steel and oil industries are examples.
Why did economic reform movements develop in the late 1800s?
Economic reform movements developed in the late 1800 because in the late 1800s farmers experienced great economic hardships, suffering from falling prices and rising costs.
Which company had a monopoly in the late 1800s?
Standard Oil Company
How did robber barons create monopolies in the US in the late 1800s?
By improving working conditions
American companies had a monopoly in the late 1800s?
Standard Oil Company
What was a business practice employed by the titans of industry in the late 1800s?
Creating monopolies and trying to control the industry were business practices employed by the totals of industry in the late 1800s.
How did monopolies and trusts affect industry and banking in the late 1800s?
Many things were being invented in the 1800's. Because of this, the inventors were the only ones that sold these items. This created a monopoly because they could charge what they wanted and people had to pay it if they wanted it.
What did monopolies and trusts reduce during the late 1800s?
Monopolies limited competition in a certain market. Limited competition meant that the company could choose any price they wanted.
In the late 1800s supporters of monopolies believed that monopolies added to the general economic prosperity What did the critics of monopolies say?
I'm pretty sure that its b: In there pursuit of profit, ruthless business leaders destroyed competition and were free to set prices at any level.
What was the name given to the riches leaders of industry in the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did industrial leaders accumulated wealth during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did American industrial leaders accumulate during the late 1800s?
During the late 1800s, American industrialists got wealthy by creating monopolies and setting up trusts. The effectively kept all the wealth in the hands of a very small number of people because there was no competition.
How did passing the sherman antitrust act attempt to reform US business practices in the late 1800s?
They tried to reform it by passing laws that outlawed monopolies and trusts.
What was Nikola Tesla first invention that conflicted with Thomas Edisons' invention?
That was the alternate current which put to Edison electric monopoly in the late 1800s.
