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Why were many people opposed to the creation of monopolies and trusts?
Wiki User
∙ 12y ago
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.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoTrust could unfairly raise prices since they had no competition
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What were monopolies and trusts?
Monopolies and trusts were big businesses that had gained control over all other competition, therefore allowing themselves to regulate prices (usually causing widespread debt on people who were reliant on their services). An example of this is the railroad companies during the industrial revolution who could charge ludicrously per freight car of goods shipped to the farmers who were unable to get their goods out otherwise. These monopolies, or trusts, are now prevented by the government to keep them from hurting others as they did in the past.
Who was the first president to take real action against trusts and monopolies?
Theodore Roosevelt
What is the 1890 law that prohibited monopolies and trusts that restrained trade?
Sherman Anit-Trust Act
How did trusts and holding companies created unofficial monopolies?
no How rude of you. Someone please answer this question. please?
Why did powerful capitalists form monopolies and trusts?
The government had to pass the anti trust law to restrict trusts and monopolies to protect the value of the consumer dollars. The Anti trust laws help to promote a free and fair trade marketplace competition.
Why were people oppose 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 did roosevelt do about monopolies and trusts?
he cancelled them.
Which was a progressive goal pursued by President William Howard Taft?
breaking up business trusts and giant monopolies
Which business organizations were designed to avoid regulations and act as monopolies?
Trusts and cartels were designed to avoid regulations and act as monopolies.
What was the antitrust policy?
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
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 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 often happened to monopolies and trusts during the progressive era?
coruption
What were monopolies and trusts?
Monopolies and trusts were big businesses that had gained control over all other competition, therefore allowing themselves to regulate prices (usually causing widespread debt on people who were reliant on their services). An example of this is the railroad companies during the industrial revolution who could charge ludicrously per freight car of goods shipped to the farmers who were unable to get their goods out otherwise. These monopolies, or trusts, are now prevented by the government to keep them from hurting others as they did in the past.
What did Wilson have in common with Roosevelt and debs?
Roosevelt supported government supervision of big business. Wilson opposed all business monopolies, or trusts. Debs went even further. He wanted the government to distribute national wealth more equally among the people.
The creation of trusts resulted in prices.?
The creation of trusts led to monopolies and oligopolies, which often resulted in higher prices for goods and services due to reduced competition in the market. Trusts could dominate entire industries and stifle competition, leading to increased control over pricing. This concentration of power led to concerns over consumer welfare and the need for antitrust legislation to prevent price manipulation and promote fair competition.
What did president Roosevelt's attacks on monopolies and trusts come to be called?
trust-busting
