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
shutvik [7]
3 years ago
13

How would breaking up Trusts and Monopolies help the American people?

History
1 answer:
VARVARA [1.3K]3 years ago
3 0

Answer:

By the late nineteenth century, big businesses and giant corporations had taken over the American economy. Consumers were forced to pay high prices for things they needed on a regular basis, and it became clear that reform of regulations in industry was required. The loudest outcry was against trusts and monopolies. Trusts are the organization of several businesses in the same industry and by joining forces, the trust controls production and distribution of a product or service, thereby limiting competition. Monopolies are businesses that have total control over a sector of the economy, including prices.

Trusts are problematic for several reasons. Monopolies develop from trusts and give total control of a specific industry to one group of companies. Owners and top-level executives of monopolies profit greatly, but smaller businesses and companies have no chance to make money at all. Trusts also upset the idea of capitalism, the economic theory upon which the American economy is built. In a capitalist society, all businesses have an equal opportunity to thrive based on competition. When monopolies and trusts exist, competition cannot.

You might be interested in
The Maya calendar was an important aspect of Maya religion because it was used __________.
blondinia [14]

It was used to determine important activtes related to the gods and humans .it was used to make indvisuals ,predict the future, decide on auspicious dates for battles, marriage and so on

6 0
2 years ago
What affects did the Great Depression have on Americans
Vinil7 [7]

I can't give many but the main one was huge job loss and money loss, tons of company's went out of business. The death toll raised quickly. After this depression a man invented a way of preventing another one. He "buried" 1 million dollars out of the city, and told everyone. Then the city went to bug shovels to get the money, but had to be employed to buy the shovels, therefore preventing another depression and bringing employees to factorys

4 0
3 years ago
The social and economic system which can be applied to both spanish haciendas and the plantations of the british southern coloni
Lesechka [4]
<span>plutocracy
</span>

Plutocracy refers to a kind of economic system where the seat of power or control rests on the rich. The owners of haciendas and plantations rule the workers and the people who depend on them for daily survival. Wealth elevates the individuals or nations to power over the poor whose tasks are limited to serving their rich masters.

8 0
3 years ago
Which statements correctly identify a condition that must exist for culture to be considered a civilization
rodikova [14]
You didn’t mention the statements
5 0
2 years ago
Which of the following was a result of Greek being the byzantine empires official language?
Bond [772]

Answer:A

Explanation:

3 0
2 years ago
Other questions:
  • Which of the following were agreed to in the Treaty of Paris?
    12·2 answers
  • What were the positive achievements of the Assyrian Empire?
    9·1 answer
  • HELP ASAP!!! The building of the railroads impacted the economy and new business practices in the late 1800's. Which of these is
    6·1 answer
  • What are the names of<br> the two forestlands<br> that make up<br> Cross Timbers?
    11·1 answer
  • When did the civil war start?<br> maycam9005 gmal.com
    12·1 answer
  • The land around the Nile River delta is known as
    7·2 answers
  • What impact did President Hoover's philosophy of government have on the<br> economy?
    9·1 answer
  • The Soviet Union blockaded Berlin to:
    9·2 answers
  • What role do rabbis and synagogues play in the preservation of the Jewish religion?
    10·1 answer
  • What's the name of the african american that did not give up the seat in a bus in December 1, 1955
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!