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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>

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Pope Urban's speech was made here, urging rescue of the holy land. This was the Council of Clermont. This was the beginning of the first crusade and the speech was held in 1095.

The Seljuk Turks were the group that stopped Christians from visiting the Holy Land in 1071. They prosecuted many Christians, mostly in Syria and Palestine.

The Third Crusade was led by 3 kings. This was till 1189-1192. This did not learn to Richard the Lionheart getting Jerusalem, but the pilgrims could now visit the Holy Land.

The First Crusade was led by unskilled peasants and knights in 1096-1099. This was the Crusade that was the most successful and got the Turks out of Jerusalem.

The Fourth Crusade was led by French knights and went against the Pope. This took place during 1202-1204 and the Crusaders actually ended up taking Constantinople instead of the Holy Land.

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mr Goodwill [35]

Answer:

C

Explanation:

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