History, asked by harman3788, 1 year ago

How did American industrial leaders accumulate wealth during the late 1800s?

Answers

Answered by Priatouri
1

By creating monopolies and establishing trusts is the right answer.

During the late 1800s, there existed small companies and business sectors in America. Therefore, it be-came easy for wealthy people to reduce all competitions and control the business for a particular com-modity.  They had a hold on their individual industries making it difficult for small businesses to move or stay in the industry.

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