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What was Woodrow Wilson's thoughts on monopolies?
Wilson felt that monopolies were bad.
True or false All monopolies are bad?
false
What was Theodore Roosevelt's thoughts on monopolies?
he did not like them and he had dissolved many monopolies and is known as the "trust buster"
What action did congress take to control trust and monopolies in response to pressure from the American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
Is a monopoly good or bad for consumers?
Monopolies are typically considered bad for consumers.
What did Woodrow Wilson view monopolies as being?
monopolies were bad
What was Woodrow Wilson's thoughts on monopolies?
Wilson felt that monopolies were bad.
What was Theodore Roosevelt's thoughts on monopolies?
he did not like them and he had dissolved many monopolies and is known as the "trust buster"
True or false All monopolies are bad?
false
What was the government's response to big business?
The government did not approve of them because it effected the economy especially teddy Roosevelt he was known as the trust buster and he broke up bad trusts or monopolies.
What action did congress take to control trust and monopolies in response to pressure from the American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
What action did congress take to control trusts and monopolies in response to pressure from the American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
What actions did congress take to control trust and monopolies in response to pressure from the American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
What action did congress take control trusts and monopolies in response to pressure from American people?
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
What prevents a pure monopoly from occurring?
Monopolies are usually bad for society so governments either nationalise them or regulate them.
Why the government try to stop monopolistic firm?
Monopolies have basically no competition, so they can charge whatever prices they want and use unfair business methods, which is bad for customers, so the government tries to stop monopolies from forming.
How would you describe natural monopolies?
When private firms gain monopoly power, usually because of economies of scale, they are in a position to restrict production and raise price with little worry of competition; these are known as natural monopolies.
