In simplest terms, the Boston Tea Party happened as a result of “taxation without representation”, yet the cause is more complex than that. The American colonists believed Britain was unfairly taxing them to pay for expenses incurred during the French and Indian War.
Ida Tarbell (1857 – 1944) pertained to the generation of journalists called muckrackers, who investigated and denounced corruption and unethical practices perpetrated by businesses and government officials during the Progressive Era (late 19th century and early 20th century) in the US.
She published <em>"The History of the Standard Oil Company</em>" in 1904 through which she set a precedent, and many others subsequently started to gather information and to denounce the abuses committed by companies with absolute market power (monopolies) or by trusts operating in olipolistic markets. The Sherman Antitrust Act had been recently passed in 1890 but firms had been able to freely limit competitiveness during the whole 19th century. Tarbell denounced the manner in which certain corporations gathered enormous fortunes by using anti-competitive practices, possible due to their dominant position in the markets, and also impeding others to participate on the profits of the industry.
Such monopolistic practices enlarged the inequality within the industry and also in the whole society where large fortunes started to appear while most people were humble factory workers who earned very modest salaries.
Answer:
The similarities far outweigh the differences.
Explanation:
Answer:
Cleveland Massacre was a step towards oil monopoly and was initiated by John Rockefeller.
Explanation:
Introduction: John with his business partner started a shipping company. After sometime, they realized to expand their investment so they invested their money crude oil company. At that time, they were the owners of two oil companies.
Massacre end: to make an edge in this business, he started shipping at the discount prices that could not last long his business. So, the business collapsed itself. In 1872, he just ended up the Cleveland massacre.
Positive edge: soon the Cleveland massacre ended, John established its enough strong position in the market as he controls 25% of the shipping of oil to the standard oil companies at best bargained prices.
Monopoly: after this clear position in the market, he did not stop. He started a network of pipelines in 1874. John started buying shares of other companies to claim its ownership over them and soon the Standard oil company ownership was in his hands. And then by the ends of 1880, he created and oil monopoly.
Allegation: he created the first ever industrial monopoly. So according to the violation of charter named Ohio, he was banned for the shipping of its oil outside the state. Therefore in New York he started shipping oil under the name of “trust”.
Answer Detail:
Level: High School
Subject: History
Keywords:
• Monopoly
• Massacre
Learn more to evaluate:
Monopoly: brainly.com/question/8411284
The fourteen points was a statement of principles for peace that was to be used for peace negotiation in order to end world war I
