The Standard Oil was founded in 1870. Oil was and still is very popular, and used for many things. Such as cars, motors, and even cooking. Ida Tarbell was a woman who was completely against the Standard Oils monopoly. She had written a book and exposed the oil company.
The trusts would make the decisions for the smaller broken up companies, though they weren’t good decisions because they had no competition. To have a competition, they would’ve needed to lower the prices. The prices were very expensive. Also, monopolies just had a negative impact on the workers. There were only benefits for the leaders of the business.
Overall, the outcome of this one huge company wasn’t positive. It was really expensive, it just made the rich richer and
The trusts would make the decisions for the smaller broken up companies, though they weren’t good decisions because they had no competition. To have a competition, they would’ve needed to lower the prices. The prices were very expensive. Also, monopolies just had a negative impact on the workers. There were only benefits for the leaders of the business.
Overall, the outcome of this one huge company wasn’t positive. It was really expensive, it just made the rich richer and