Question

How did corporations assist the individual?

By increasing competition for the consumer
By lowering prices for the consumer
By hiring only skilled laborers
By distributing income to the owners

Answer 1

The first American corporations were developed in the 1790s, almost instantly becoming key institutions in the young nation's economy. Although corporations existed in Europe in the early-19th century – particularly in Great Britain and the Netherlands – no country took to corporate development like the United States. Corporate development was dealt a blow toward the turn of the 20th century with the introduction of antitrust legislation, but it quickly rebounded. The end of World War II created a period of unprecedented American corporate hegemony until the rise of Japanese competition in world markets in the 1980s.

Answer 2

By increasing competition for the consumer