How did monopolies and trusts affect industry and banking in the late 1800s

Asked by maham237 @ 22/12/2020 in History viewed by 334 People

How did monopolies and trusts affect industry and banking in the late 1800s?
They introduced new business practices that created large industries and produced great wealth for a few.

They set the standard for the development of many large industries and a nationwide banking network.

They reduced the effectiveness of banking practices, but helped the growth of industries.

They produced great wealth that benefited workers.

Answered by maham237 @ 22/12/2020

The correct answer is they introduced new business practices that created large industries and produced great wealth for a few.

Monopolies and trusts were devloped by different individuals like John D. Rockefeller, Andrew Carneige, and JP Morgan. These individuals used different business practices to accumulate massive wealth.

For example, many of these trusts used horizontal integration. This strategy resulted in buying out their competitiors within their market to ensure that there was limited competition.

Along with this, vertical integration was used. This resulted in trusts buying companies to control all of the means of production for their product. This includes railroads, factories, etc.

Write two paragraphs to compare and contrast the narrators’ schools and explain how their schools shape their perspectives toward the hijab. cite evidence from the text to support your ideas.

Asked by evette57 @ 13/09/2022 in History viewed by 1678 persons

How did monopolies and trusts affect industry and banking in the late 1800s

Similar Questions

How did industrialization affect the american economy in the 1800s

Which inventions helped industrialize america in the late 1800s

How did the second industrial revolution affect the united states

Which region was more industrial in the mid 1800s

How was rockefeller able to build his monopoly across the oil industry?

What made cattle ranching so profitable in the late 1800s

Why were most labor strikes in the late 1800s unsuccessful

Which statements about immigrants in the late 1800s are true

How did companies market their products in the late 1800s

Which regulatory agencies provide general oversight for the banking industry

How did industrial revolution affect cities

Political cartoons from the late 1800s

In the late 1800s where did most immigrants come from

What were popular forms of entertainment in the late 1800s

Why aren t time zones created until the late 1800s

Most viewed questions in History

Candle making in colonial america reading answers test 5 answers

Lowman consulting answer key

Lets grow with composite mathematics class 8 solutions pdf

Venezuelans started buying items immediately because of their fear of

Commonlit teaching shakespeare in a maximum security prison answer key

4.3 puzzle time answers algebra 2

Why did the termite like expensive hotels worksheet answer key

On which day are your answering stats reset

Why did king kong eat a truck worksheet answer key

Write two paragraphs to compare and contrast the narrators’ schools and explain how their schools shape their perspectives toward the hijab. cite evidence from the text to support your ideas.

Two ways of looking at a river commonlit answers key

Which occurs during disequilibrium? check all that apply.

What is taplow's opinion about the greek tragedy agamemnon

When entrepreneurs develop new products, other companies also experience growth because they

How was india that is bharat perceived by foreigners