By creating monopolies and establishing (creating) trusts, industrial leaders of the late 1800s

a. caused the panic of 1893.

b. secured (make safe) passage of the sixteenth amendment.

c. were able to accumulate (gather together) vast (far reaching) amounts of wealth.

d. secured (make safe) the election of william mckinley as president in 1897.?

Question

Brooks Fernandez

History

22 September, 15:16

By creating monopolies and establishing (creating) trusts, industrial leaders of the late 1800s

a. caused the panic of 1893.

b. secured (make safe) passage of the sixteenth amendment.

c. were able to accumulate (gather together) vast (far reaching) amounts of wealth.

d. secured (make safe) the election of william mckinley as president in 1897.?

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Answers (2)

Know the Answer?

Jayla May · Answer 1

C, the industrial leaders made so much money that they had control of many other things, such as controlling other companies.

Giles · Answer 2

The correct answer is C) were able to accumulate (gather together) vast (far-reaching) amounts of wealth.

By creating monopolies and establishing (creating) trusts, industrial leaders of the late 1800s were able to accumulate (gather together) vast (far-reaching) amounts of wealth.

One of the best examples could be the case of John Rockefeller and the Standard Oil Company. Rockefeller started to but other small companies until there were no other competitors in the industry. That is how he built his oil monopoly. Another example could be the case of Andrew Carnegie and his Steel company. Practically he did the same as Rockefeller.