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Trusts And Monopolies
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Published on Nov 26, 2015
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1.
TRUSTS AND MONOPOLIES
DYLAN GRUBE AND SHAI-LIN GOTHREAU
2.
MONOPOLIES-PROBLEMS
Monopolies are when single corporations come to control entire industries.
Problems: businesses wanted to limit/eliminate competition to control prices and profits.
Smaller companies struggled with business
3.
JOHN D ROCKEFELLER
WAS A FAMOUS OIL MONOPOLIST DURING THE PROGRESSIVE ERA.
4.
ANTI-MONOPOLIES
President Theodore Roosevelt wanted to counteract monopolies
He placed pressure on legislators to deal with monopolies
5.
SOLUTIONS TO STOPPING MONOPOLIES
Government can limit the power companies have
Price capping- government sets a specific price range
6.
TRUSTS
COMBINATION OF CORPORATIONS BOUND BY A LEGAL AGREEMENT
7.
PROBLEMS WITH TRUSTS
High prices drove out small companies
High prices for low-quality goods
Low wages and unsafe working conditions
8.
ANTITRUSTS
Sherman Anti-Trust Act (1890)
Theodore Roosevelt
9.
THE SUPREME COURT'S ROLE
Northern Securities Company deemed illegal
John D. Rockefeller's Standard Oil split into smaller companies
10.
WORK CITED
http://www.ehow.com/info_8587985_monopolies-progressive-era.html
http://study.com/academy/lesson/trust-busting-and-government-regulations-on...
http://projects.vassar.edu/1896/trusts.html
Shai-Lin Gothreau
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