In the late 1800s, supporters of monopolies believed that monopolies added to the general economic prosperity.

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what did the critics of monopolies say?

1. monopoly cartels eliminated production quotas and controlled markets without considering quality.

2. in their pursuit of profit, ruthless business leaders destroyed competition and were free to set prices at any level.

3. because ruthless business leaders refused to invest in railroad building, thousands were left unemployed.

4. monopolies benefited the richest americans, who sought to advance competition at the expense of progress.




  1. is this a homework question?  whoever came up with it must be fired.  you can make a case for all 4 answers, even if some of them sound strange or make no sense.

    2. sounds the least weird, but you ought to answer all 4 and ask that the question-maker be fired.

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