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Why did some people criticize the steel and oil industries in the 1800's?
Wiki User
∙ 11y ago
Some people criticized the steel and oil industries because they thought that the companies were to large. The critics believed that the big companies were too powerful. A corporation that has little competition is called a Monopoly. That is what the critics thought. They felt it was impossible for the smaller businesses to compete with the monopolies. Without competition from other companies selling the same product, a monopoly can charge higher prices for poorer quality products. The buyer, without another company to turn to, has little choice but to pay for the over priced product or to do without the product.
Wiki User
∙ 11y ago
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What is the name of the period in the late 1800s that saw technological advances including electricity and the growth of the steel and oil industries?
The great awakening
What impact did Andrew Carnegie and John D Rockefeller have on the American economy in the last half of the 1800s?
They established and dominated the new steel and oil industries.
How did the manufacturing of steel change people's lives in the late 1800s?
Because with steel you could make buildings.
What was The greatest factor in the development of skyscrapers?
Availability of steel for the framing, and elevators to move people and goods vertically.
What made is possible to construct skyscrapers in the 1800s?
Steel.
What were the results of the new market structures in the late 1800s?
The new market structures, of the late 1800s, resulted in several industries being monopolized. The steel and oil industries are examples.
What is the name of the period in the late 1800s that saw technological advances including electricity and the growth of the steel and oil industries?
The great awakening
What impact did Andrew Carnegie and john d Rockefeller have on the American economy in the half of the 1800s?
They established and dominated the new steel and oil industries.
What impact did Andrew Carnegie and John D Rockefeller have on the American economy in the last half of the 1800s?
They established and dominated the new steel and oil industries.
What impact did Andrew Carnegie and John D. Rockefeller have on the American economy in the last half of the 1800s?
They established and dominated the new steel and oil industries.
What impact did Andrew Carnegie and john D Rockefeller have on the American economy in the last half of 1800s?
They established and dominated the new steel and oil industries.
When was Schnitzer Steel Industries created?
Schnitzer Steel Industries was created in 1906.
What is the population of Schnitzer Steel Industries?
The population of Schnitzer Steel Industries is 3,252.
What is Schnitzer Steel Industries's population?
Schnitzer Steel Industries's population is 2,006.
When was General Steel Industries created?
General Steel Industries was created in 1928.
Do the automotive industries use steel wire?
The automotive industries use steel wire
What was the first great industry to develop in the late 1800s and early 1900s?
The Railroad allowed for coal shipments. Coal and slag (impure coal) led to steel mill operations. Steel mills led to all kinds of industries.
