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Question
other industrialists, including john d. rockefeller, merged the operations of many large companies to form a trust. rockefellers standard oil trust came to monopolize 90% of the industry... -the industrial revolution in the united states, library of congress what was one direct effect of the business practice discussed in this excerpt? a there was a lack of employment opportunities for immigrants. b there was decreased competition among producers. c employees were prevented from buying stock. d consumers were denied access to goods.
The text describes John D. Rockefeller forming a trust by merging large - company operations to monopolize 90% of the industry. A monopoly reduces competition among producers as one entity controls a large portion of the market. There is no indication in the text about immigrant employment, employee stock - buying, or consumer access to goods.
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B. There was decreased competition among producers.