QUESTION IMAGE
Question
(teks us.3.b)
read the excerpt and answer the question that follows.
other industrialists, including john d. rockefeller, merged the operations of many large companies to form a trust. rockefellers standard oil trust came to monopolize 90% of the industry....
- \the industrial revolution in the united states,\ library of congress, www.loc.gov (accessed august 25, 2017)
what was one direct effect of the business practice discussed in this excerpt?
there was decreased competition among producers.
there was a lack of employment opportunities for immigrants.
consumers were denied access to goods.
employees were prevented from buying stock.
The excerpt describes the formation of a trust (Standard Oil Trust) by merging large companies. A trust reduces competition as it consolidates power. Immigrant employment, consumer access denial, and employee stock - buying prevention are not directly related to the described business practice (merging to form a trust).
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There was decreased competition among producers.