WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
GILDED AGE POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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monopolies
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competition
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corruption
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immigration
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Detailed explanation-1: -Industrial trusts helped to reduce competition among American companies. High tariffs also gave some protection from competition with foreign companies. But business leaders were not satisfied. They demanded even higher taxes on imports to further reduce competition.
Detailed explanation-2: -Terms in this set (19) WHAT DID INDUSTRIAL CONSOLIDATION AND TRUSTS REDUCE DURING THE LATE 1800S? A. BUILD THE TRANSCONTINENTAL RAILROAD.
Detailed explanation-3: -A technique used by John D. Rockefeller. Horizontal integration is an act of joining or consolidating with ones competitors to create a monopoly. Rockefeller was excellent with using this technique to monopolize certain markets.
Detailed explanation-4: -What made it possible to construct skyscrapers in the 1800’s? Steel skeletons and the elevator. What did industrial consolidation and trusts reduce during the late 1800’s?