Why did government officials allow monopolies to operate without strong regulations during the gilded age?

a. They believed monopolies would keep competiton alive

b. They believed monopolies were responsible for the growth of the economy

c. They believed monopolies would treat their workers well

d. They believed monopolies were the most successful way for businesses to make a profit

Question

Jasmin Long

Social Studies

11 July, 00:44

Why did government officials allow monopolies to operate without strong regulations during the gilded age?

a. They believed monopolies would keep competiton alive

b. They believed monopolies were responsible for the growth of the economy

c. They believed monopolies would treat their workers well

d. They believed monopolies were the most successful way for businesses to make a profit

+2

Answers (1)

Know the Answer?

Lisa Daniel · Answer 1

I think that the best answer is this one:

b) They believed monopolies were responsible for the growth of the economy

a) cannot be true, as monopolies are the opposite of competition.

c) is also not acurate

d) might be accurate but it doesn't explain why the government was interested in allowing this - and b) does.