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  • 10-10-2019
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Why did industries in the late 1800s set up business organizations such as trust and holding companies?

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madisonbeachmeb madisonbeachmeb
  • 10-10-2019

Answer:

Business leaders in the 1800s tried to eliminate competition by forming pools, trusts, monopolies, and through vertical and horizontal integration. Many companies organized pools to keep prices at a certain level, that is, they tried to keep prices from falling. Some companies formed trusts.

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