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
sertanlavr [38]
2 years ago
10

How did trusts and holding companies create unofficial monopolies?

History
1 answer:
densk [106]2 years ago
7 0
<span>Business leaders pushed for horizontal integration. Rockefeller’s Standard Oil began buying out competitors. By 1880, it controlled about 90 percent of the U.S. oil refining industry, a near monopoly. When People opposed this horizontal integration fearing monopolies will charge heavily the business leaders found two ways to overcome this obstacle by creating Trusts and Holding Companies. A trust is a legal arrangement that allows one person to manage another person’s property. The person who manages that property is called a trustee. The trustees could control a group of companies as if they were one large, merged company. In 1882 Standard Oil formed the first trust. Standard Oil had stockholders of that company give their stock to Standard Oil trustees in exchange for shares in the trust and its profits. A new general incorporation law in 1889 allowed corporations to own stock in other businesses without special legislative permission. Many companies used the law to create holding companies. A holding company does not produce anything itself but owns the stock of companies that do produce goods. The holding company manages its companies, effectively merging them into one.</span>
You might be interested in
Which of the following is an example of a government’s laissez-faire approach to business and the economy? During a strike, the
cricket20 [7]
The answer is: Congress votes down a law providing a loan to a failing car manufacturer.
laissez-faire approach referst to government approach to leave the private sector alone and let the market direct the growth of the economy.
To follow this approach, Government must not give any form of incentives to  any of the competitors in the market.
4 0
2 years ago
Read 2 more answers
Who were Sacco and Vanzetti? What happened to them? Why did it happen?
Doss [256]

Answer:

I hope this helps

Explanation:

- Who were they?: Sacco and Vanzetti were Italian anarchists immigrants who had been  debatably accused of murdering a paymaster and a guard during a armed robbery of the Slater and Morrill Shoe company in South Braintree, Massachusetts, United States. They were accused of murdering a gaurd and a paymaster on April 15th during the 1920s.

- What happaned to them : they has been executed for the murderes

- Why did it happen? : I believe it happened because the two were framed for the crimes because they were anarchist and pro-union activites.

6 0
2 years ago
What can congress do using the judical powers?
Ray Of Light [21]
The answer is
The Congress has no judicial powers. “The judicial Power of the United States, shall be vested in one supreme Court, and in such inferior Courts as the Congress may from time to time ordain and establish”now pls thank me
4 0
3 years ago
Why is voting important
Greeley [361]

Answer:

It is absolutely necessary to vote, so you can have a say in your government, and so you can vote so your government doesn't become corruptWell, it is important for everyone to vote because every vote counts! Women should vote just like men.

4 0
2 years ago
How did marbury v. Madison affect the power of the Supreme Court, and how did the decision align with the constitution? Write a
Alex Ar [27]
<span>The case of Marbury v Madison was a landmark decision due to the fact that it upheld the limited powers of a specific branch of government, and ensured that no such cabinet official would be able to be above the law by implementing the concept of the writ of mandamus.</span>
3 0
3 years ago
Other questions:
  • Explain the significance of 18th century medicine
    10·1 answer
  • According to james madison, america's fourth president, the problem with direct democracy is the _____ pushes its self-interest
    15·1 answer
  • The early Christians all used the sign of the cross from the very beginning. True or false
    5·2 answers
  • Of Roosevelt’s opponents, who was the most popular amongst the elderly?
    8·1 answer
  • Which of the following statements was NOT included in Common Sense?
    9·2 answers
  • How was Canada obtained by Britain?
    8·2 answers
  • Which river aided United States trade with Europe?
    14·2 answers
  • Which location would a wealthy English landowner most likely establish a cotton plantation after the signing of the Louisiana Pu
    10·2 answers
  • _______________ originally received a contract by the Spanish Government to settle families of the United States in Mexico.
    11·2 answers
  • About religion
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!