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.

Answered by maham237 @



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.


Similar Questions

How did industrialization affect the american economy in the 1800s

Asked by admin @ in History viewed by 273 persons

How did industrialization affect the American economy in the 1800s

Which inventions helped industrialize america in the late 1800s

Asked by maham237 @ in History viewed by 307 persons

Which inventions helped industrialize America in the late 1800s? Select the two correct answers. A. the telephone B. the airplane O C. the automobile D. electric lighting INT E. nuclear …

How did the second industrial revolution affect the united states

Asked by admin @ in History viewed by 326 persons

How did the Second Industrial Revolution affect the United States?

Which region was more industrial in the mid 1800s

Asked by maham237 @ in History viewed by 253 persons

A. The West B. The Northeast C. The South D. The North

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

Asked by maham237 @ in History viewed by 371 persons

A) He bought up oil refineries, cut costs, and reinvested his profits in other refineries. B) He confined his business to Ohio so he could buy all the refineries there. …

What made cattle ranching so profitable in the late 1800s

Asked by admin @ in History viewed by 264 persons

What first made cattle ranching profitable in the future state of Oklahoma?

Why were most labor strikes in the late 1800s unsuccessful

Asked by admin @ in History viewed by 297 persons

Choose all answers that apply. Many striking workers lost their jobs, and conditions did not improve for the workers who were rehired. o The company had to apologize to the …

Which statements about immigrants in the late 1800s are true

Asked by maham237 @ in History viewed by 288 persons

A. Many immigrants had no skills and were forced to take low-paying jobs. B. Most immigrants could already speak English when they arrived in America. C. Many immigrants were looking …

How did companies market their products in the late 1800s

Asked by maham237 @ in History viewed by 278 persons

How did industrial revolution affect cities

Asked by maham237 @ in History viewed by 290 persons

Political cartoons from the late 1800s

Asked by maham237 @ in Social Studies viewed by 349 persons

The cartoon below was created in the late 1800s: A political cartoon shows an image of a street. Along the street, several Chinese people are shown. There are signs that …

In the late 1800s where did most immigrants come from

Asked by admin @ in History viewed by 263 persons

Where did most immigrants to the United States come from in the mid-1800s? Check all of the boxes that apply. Italy Ireland Germany Russia

What were popular forms of entertainment in the late 1800s

Asked by admin @ in History viewed by 284 persons

Which became popular forms of entertainment in the late 1800s? Check all that apply.

Why aren t time zones created until the late 1800s

Asked by maham237 @ in History viewed by 280 persons

Most viewed questions in History


Candle making in colonial america reading answers test 5 answers

Asked by admin @ in History viewed by 11295 persons


Lowman consulting answer key

Asked by maham237 @ in History viewed by 5104 persons


Lets grow with composite mathematics class 8 solutions pdf

Asked by admin @ in History viewed by 3166 persons



Venezuelans started buying items immediately because of their fear of

Asked by maham237 @ in History viewed by 2498 persons


Commonlit teaching shakespeare in a maximum security prison answer key

Asked by admin @ in History viewed by 2235 persons


4.3 puzzle time answers algebra 2

Asked by maham237 @ in History viewed by 2046 persons



Why did the termite like expensive hotels worksheet answer key

Asked by maham237 @ in History viewed by 1926 persons


On which day are your answering stats reset

Asked by admin @ in History viewed by 1834 persons


Why did king kong eat a truck worksheet answer key

Asked by maham237 @ in History viewed by 1723 persons



Two ways of looking at a river commonlit answers key

Asked by maham237 @ in History viewed by 1638 persons


Which occurs during disequilibrium? check all that apply.

Asked by wiki @ in History viewed by 1616 persons



What is taplow's opinion about the greek tragedy agamemnon

Asked by admin @ in History viewed by 1379 persons


How was india that is bharat perceived by foreigners

Asked by admin @ in History viewed by 1334 persons