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What concerns did critics of big businesses have regarding trusts?
The concerns critics have on big business regarding trusts is that to earn more money trusts often tried to get rid of competition and to control production. The wealth and size of trusts such as standard oil made many Americans fear the influence of business leaders over government.
How do trusts eliminate the competition?
Trusts cut prices to drive competitors out of business.
How did trusts run small businesses out of business?
Because banks were being closed down, so the banks did not have the money to give to them, and the fact that if the small business was being run down, then they would not have the money to pay back for the trusts.
Why were many people opposed to the creation of monopolies and trusts?
Trusts put smaller competitors out of business using unfair tactics. Trusts could unfairly raise prices since they had no competition. Trusts had too much influence on government officials.
What is called a loose association of business that make the same product?
It's a cartel. Cartels were usually formed in secret. and were basically a way to form trusts legally. (For trusts were illegal.)
What concerns did critics of big businesses have regarding trusts?
The concerns critics have on big business regarding trusts is that to earn more money trusts often tried to get rid of competition and to control production. The wealth and size of trusts such as standard oil made many Americans fear the influence of business leaders over government.
How do trusts eliminate the competition?
Trusts cut prices to drive competitors out of business.
What has the author Robert Liefmann written?
Robert Liefmann has written: 'Wirtschaftstheorie und wirtschaftsbeschreibung' -- subject(s): Economics 'Cartels, concerns and trusts' -- subject(s): Trusts, Industrial, Cartels, Industrial Trusts 'International cartels, combines and trusts' -- subject(s): Trusts, Industrial, Industrial Trusts 'Inlandskapital, Auslandskapital, Kriegstribute' -- subject(s): Finance, Capital
Which was a progressive goal pursued by President William Howard Taft?
breaking up business trusts and giant monopolies
What democratic president was against trusts and big business?
Wilson
Why were people oppose to the creation of monopolies and trusts?
Trusts put smaller competitors out of business using unfair tactics. Trusts could unfairly raise prices since they had no competition. Trusts had too much influence on government officials.
Who was the President who favored regulation of business and prosecution of trusts?
President Taft
President who favored regulation of business and prosecution of trusts?
Theodore Roosevelt
How did business leaders like Minor Cooper Keith respond to the charges of building illegal trusts?
They argued that trusts were legal outside the United States.
Trusts like standard oil became large mostly by?
Eliminating business
How did trusts run small businesses out of business?
Because banks were being closed down, so the banks did not have the money to give to them, and the fact that if the small business was being run down, then they would not have the money to pay back for the trusts.
What president broke up the most trusts?
Theodore Roosevelt called the trust buster because of his efforts to break up trusts and outlaw business monopolies.
