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.
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The great awakening
They established and dominated the new steel and oil industries.
Because with steel you could make buildings.
Availability of steel for the framing, and elevators to move people and goods vertically.
Steel.