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Margarita [4]
2 years ago
9

Which characteristics of the industrial revolution contributed to the rise of labor unions

History
1 answer:
Virty [35]2 years ago
7 0

Explanation:The working conditions found in many factories (low pay ,long hours ,and dangerous working conditions)

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Why were monopolies bad for the economy and how did the rich take advantage?
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Monopolies are bad for the economy because lack of competition allows a few to set prices, stagnate competition.

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The rich had ready capital to either buy out smaller competitors or drive them out with undercut prices until the competitor failed, then prices to consumer went back up even higher.

It happened in the early industrial revolution:  Rockefeller/Standard Oil,

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Still going on today, especially in the tech arena.

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