AP U.S. History Exam 1.28

AP U.S. History Exam 1.28. What made it possible for businesses to consolidate and grow in the way that the image represents?

APAP U.S. History
AP U.S. HistoryExam
Effects of Industrial ProductionConsolidating Corporations and Wealth
Impact of Technology and Development on FarmersConsolidation of Markets and the Creation of Co-ops
LanguageEnglish Language
Test PrepAP U.S. History
U.S. HistoryAP U.S. History

Transcript

00:15

to consolidate and grow in the way that the image represents?

00:18

And here are your potential answers.

00:24

With technology booming in the post-Civil War era,

00:27

tycoons like John D. Rockefeller and his Standard Oil

00:30

made big gains in newly emerging markets,

00:32

building monopolies like the one detailed in the image.

00:35

Let's see which answer describes what led to these conditions

00:38

fit for a king of industry.

00:40

Was a major factor allowing these businesses to consolidate and grow

00:44

A - a decrease in immigration?

00:46

Actually, rising levels of immigration were

00:49

hugely important to the success of these companies

00:51

as they provided a cheap source of labor in this period of expansion.

00:54

So it's not A.

00:55

Did these businesses expand so aggressively

00:58

because of the C - development of foreign markets?

01:01

Though foreign markets were developing at the time,

01:03

Rockefeller and friends were doing pretty well within the United States,

01:07

particularly because of the government's

01:09

lack of regulatory legislation.

01:11

So that eliminates C and D.

01:13

Which means that the biggest factor allowing these tycoons

01:16

to consolidate their businesses was B -

01:18

laissez-faire government policies.

01:20

Someone probably should've been keeping watch

01:22

over Rockefeller and the other tycoons on their road

01:25

to monopolies, but strict regulation of business

01:28

wasn't the name of the game during this period.

01:30

So B is the right answer.

01:31

A few decades later, government regulation did

01:34

catch up to these corporations, busting trusts

01:36

and guts alike.

01:39

[ wind whistles ]