1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sloan [31]
3 years ago
12

What were industrial leaders (Like Rockefeller in Oil Industry and Carnegie in Steel Industry) able to do by creating monopolies

and establishing trusts?
History
2 answers:
azamat3 years ago
4 0

Industrial leaders earned huge profits and accumulated large fortunes by using their market power to fix prices (or establish production quotas with the same objective) so that the final price charged is higher than the price level that would have been reached in a perfectly competitive environment (hence harming consumers that pay more for their products).

Moreover, these giant corporations blocked the entrace of competitors in their industries, so that each managed to control the whole market share by itself (monopoly), or together with a group of partner companies (oligopolistic market with trust).

777dan777 [17]3 years ago
3 0

<span>make vast amounts of wealth by limiting competition, cutting production costs, and controlling prices.</span>

You might be interested in
Which element of the Neolithic revolution led to the creation of the first river valley civilizations
Oksi-84 [34.3K]
<span>Human societies no longer had to follow herds of animals to find enough food.</span>
8 0
3 years ago
Read 2 more answers
what are the name of the following major historical united states documents that have the following word in them ​
S_A_V [24]

Answer:

you forgot to add a list in your question

6 0
3 years ago
what are some important jobs that would accompany the settlement of a wild and unsettled frontier region?
Ronch [10]

Answer:

Some important jobs would be:

  • Farmers: if the region is fertile enough, farmers are crucial, simply because they produce most of the food that will be consumed in the area.
  • Law enforcers: any area needs some form of law-enforcement, no matter how anarchic it is.
  • Doctors: some medical practitioners are also needed, in order to tend the sick and wounded.
  • Merchants: a few merchants are also needed, in order to help with the importing and exporting of goods (trade).

7 0
3 years ago
Who was the president during the Cuban missile crisis?
Orlov [11]
It was John F Kennedy
3 0
3 years ago
Read 2 more answers
What country claimed Vietnam as a colony after World War II? France Japan The United States Great Britain
geniusboy [140]
The United States claimed Vietnam as a colony after World War ll
4 0
3 years ago
Read 2 more answers
Other questions:
  • Who introduced christianity into china​?
    6·1 answer
  • The Tuskegee Airmen were unique because? A. they were the first African American combat squad B.they fought against the Nazis in
    14·2 answers
  • Should it be easy to change goverments often
    9·2 answers
  • According to some roman historians, such as sallust, which moment in republican history marked the beginning of the end of the r
    15·1 answer
  • HELP WILL GIVE BRAINLIEST TIMED!!!In 1787, the fate of the Constitution was in the hands of
    8·2 answers
  • Please answer the following questions in 1 paragraph. Since you are reflecting, please write in 1st person.
    10·1 answer
  • Last minute
    15·1 answer
  • How did European motivations for expansion compare to those of the Roman Empire, the Arab world under Islam, or the Mongols in C
    15·1 answer
  • Besides financial reform, what else drove the third estate to declare itself a national assembly?
    6·1 answer
  • according to your textbook, and led directly to a rise in archaeological science in the mid-twentieth century.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!