Question

Based on this cartoon, what were business practices like in the late 1800s and early 1900s? Businesses became less corrupt as the government began to place stricter regulations on uncontrolled growth. Consolidated corporations gained traction and began to squeeze out smaller businesses and individuals. Increased competition among businesses helped to boost the economy and improve the financial situation of all citizens. Railroad companies dominated industry and left little room for other industries to grow and thrive.

Answer 1

The correct answer is B) Consolidated corporations gained traction and began to squeeze out smaller business and individuals.  

The business practices in the late 1800s and early 1900s consolidated corporations gained traction and began to squeeze out smaller business and individuals.

The Industrial Revolution created new machines and technology that were used in the fabrics to make mass production more efficient. The problem was that machines replaced the people who elaborated those products in a craft and traditional way. And these mass production has a tremendous advantage that small business did not have.

These new business practices in the late 1800s and early 1900s made consolidated corporations gained traction and began to squeeze out smaller business and individuals. The reason was simple, mass production with the use of new machines created more products at a cheaper price. And small business could not compete against that.