Question

In the Gilded age, how did monopolies affect many small businesses?

Answer 1

Answer:

D for edg2021 Monopolies forced small businesses to shut down.

Explanation:

Monopolies forced small businesses to shut down.

Answer 2

The monopolies affected many small businesses in the Gilded Age in the following ways:

• The economy of America saw significant transformations throughout the Gilded Age. Because of the advancements in the industry, technology, working conditions, and transportation, business owners sought to control their markets in order to profit.
• Monopolies had a negative impact on small enterprises by forcing them to close. A small business cannot compete with large corporations, particularly when it comes to purchasing things in quantity. Small firms are unable to do so since they do not have access to the same amount of capital as large corporations. From 1870 through 1900, the Gilded Age was in full swing.

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