Big Business Disagreement
Giant corporations took charge over he entire market in the late 1800s and early 1900s.
Specifically usually only one person would have all the power over an entire
category of the market. They used a complex method of creating monopolies and
establishing trust someone could almost easily gain almost complete power and
control over the market and quickly generate a fortune. They could even reset
the prices of the products at will whenever they pleased. However, they
completely disregarded the necessities for their workers, just so they could
make more profit for themselves. Once one company found out how to establish
trust and create a monopoly and join together with other companies to form one
giant corporation that controlled the whole market for one type of product.
Usually they just used this advantage to push their prices higher and weed out
any possible other competition they might get.
Specifically usually only one person would have all the power over an entire
category of the market. They used a complex method of creating monopolies and
establishing trust someone could almost easily gain almost complete power and
control over the market and quickly generate a fortune. They could even reset
the prices of the products at will whenever they pleased. However, they
completely disregarded the necessities for their workers, just so they could
make more profit for themselves. Once one company found out how to establish
trust and create a monopoly and join together with other companies to form one
giant corporation that controlled the whole market for one type of product.
Usually they just used this advantage to push their prices higher and weed out
any possible other competition they might get.
"Big Business and the Industrial Revolutionr." - Iah201lauder. N.p., n.d.
Web. 18 Mar. 2013.
SparkNotes. SparkNotes, n.d. Web. 18 Mar. 2013.
Web. 18 Mar. 2013.
SparkNotes. SparkNotes, n.d. Web. 18 Mar. 2013.