Depends on the perspective you're looking at. To the spanish they were most definitely great men. The natives of the Americas might see that differently.
<span>Cartels could fix prices and sell at a loss to strangle out competition. Then raise prices afterward which would cover all previous losses.
They could generate income by horizontal integration which would be possibly controlling all retail sales of a certain product.
They could also generate income through vertical integration which meant owning a large portion of the industry (possibly mining) which provided the raw material, the means of production (factories, for example), the means of transporting the product to market (rail roads for example), and even owning the means of selling the product(s) (retailing). They could set the price and costs all along the way. They could also exploit their workers by being the 'only show in town' and therefore setting wages low and working hours high. If a vertically integrated company had to show their books to government auditors they could try to make a case to show a small advantage over competitors at each level of their operation which would come out overall as a major advantage which could put others out of business.
A couple of industries to look at would be the railroads and oil. People to research: Andrew Carnegie, J. D. Rockefeller and other industrialists/robber barons. A student may want to read the works of some of the 'muckrakers' of the era.</span><span>
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<u><em>Cities of Transition from feudalism to capitalism</em></u> is a historiographical concept that comes to designate the historical period and the process by which the mode of feudal production is being gradually replaced by the capitalist mode of production.
Since the fourteenth century feudalism begins to dissolve, not only in its economic aspects, but social and political (end of serfdom and vassalage in Western Europe, division of the nobility in high and low, increased power of authoritarian monarchies in front to the previous feudal monarchies ...).
What’s the passage? I think you have to read the passage first ..
