USA HISTORY

RECONSTRUCTION 1865 1877

TRANSCONTINENTAL RAILROAD

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which business strategy would a late-1800s industrial leader use to establish a monopoly?
A
form a joint stock company
B
use a horizontal integration system
C
make a contract with labor union leaders
D
develop a nationwide advertising campaign
Explanation: 

Detailed explanation-1: -Which business strategy would a late-1800s industrial leader use to establish a monopoly? reduce competition and keep prices high.

Detailed explanation-2: -Which factor contributed to the growth of the middle class in the late 1800s? Industrialization and the rise of large corporations created a need for more salaried professional workers.

Detailed explanation-3: -Rockefeller and his Standard Oil Company-in fact, they were the only names in the industry. Whereas Carnegie employed vertical integration to create his steel empire, Rockefeller used horizontal integration, essentially buying out all the other oil companies so that he had no competition left.

Detailed explanation-4: -The Industrial Revolution spread in the 1800s because first Britain, then Germany, and the United States became industrial powers. they had lots of coal, iron and other resources.

Detailed explanation-5: -Some of the business and industrial titans of the late nineteenth century were Andrew Carnegie, John D. Rockefeller, Henry Ford, and Jp Morgan. Andrew Carnegie cut costs and prices by striking deals with the railroads. He later bought out rivals who could not compete with him.

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