AP U.S. History Exam 1.28. What made it possible for businesses to consolidate and grow in the way that the image represents?
|AP||AP U.S. History|
|AP U.S. History||Exam|
|Effects of Industrial Production||Consolidating Corporations and Wealth|
|Impact of Technology and Development on Farmers||Consolidation of Markets and the Creation of Co-ops|
|Test Prep||AP U.S. History|
|U.S. History||AP U.S. History|
to consolidate and grow in the way that the image represents?
And here are your potential answers.
With technology booming in the post-Civil War era,
tycoons like John D. Rockefeller and his Standard Oil
made big gains in newly emerging markets,
building monopolies like the one detailed in the image.
Let's see which answer describes what led to these conditions
fit for a king of industry.
Was a major factor allowing these businesses to consolidate and grow
A - a decrease in immigration?
Actually, rising levels of immigration were
hugely important to the success of these companies
as they provided a cheap source of labor in this period of expansion.
So it's not A.
Did these businesses expand so aggressively
because of the C - development of foreign markets?
Though foreign markets were developing at the time,
Rockefeller and friends were doing pretty well within the United States,
particularly because of the government's
lack of regulatory legislation.
So that eliminates C and D.
Which means that the biggest factor allowing these tycoons
to consolidate their businesses was B -
laissez-faire government policies.
Someone probably should've been keeping watch
over Rockefeller and the other tycoons on their road
to monopolies, but strict regulation of business
wasn't the name of the game during this period.
So B is the right answer.
A few decades later, government regulation did
catch up to these corporations, busting trusts
and guts alike.
[ wind whistles ]