Question

During the industrialization of America, corporations would expand into ________.

Answer 1

C. Monopolies because B.megacorp did not exist during industrial revolution

Answer 2

The correct answer is C) Monopolies.

During the industrialization of America, corporations would expand into monopolies.

During the industrialization, companies expanded. Businesses become corporations. Rich people invested its capital and they began to grow. A monopoly is present when a company in an industry dominates the market. The lack of restrictions in a government allows monopolies to form, and they are the result of the extreme exercise of capitalism. Monopolies affected consumers in the 19th century. Companies dominated the production of one thing over the competition. In some way at first, this helped people because the product offered was at a lower price than the competitor. The problem later was that the monopoly knows it is the only company offering the product an could establish the price it wished.