How did monopolies and trusts affect industry and banking in the late 1800s
Asked by maham237 @ in History viewed by 311 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.