American History chapter 4 section 2 questions
How did big business shape the american economy in the late 1800’s and early 1900’s?
After 1870, corporation numbers in america increased dramatically. They were an important part of industrial capitalism, or the economic free- market system centered around industries.
Why did business leaders create new forms of ownerships like monopolies, cartels, and trusts?
They creates monopolies, cartels, and trust to limit their product and keep the prices high. They also gained complete control of businesses and organizations
How can business leaders like Rockefeller and Carnegie be called both ‘robber barons” and “captains of industry”?
consumers were harmed by the unfairly high prices that monopolies and cartels set on their products. at the same time, many believed that business leaders seven the nation positively
What does the fact that government regulation of business was not very successful at first tell you about the relationship between government and big business?
the government always stepped in to take control