https://padlet.com/Mrs_Bacon/Monopolies In what ways was the development of monoplies in the late nineteenth century beneficial to the US economy, and in what ways was it harmful? Explain your answer! en-us 2018-01-22 11:47:59 UTC 2018-01-22 17:49:58 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Lightdecrease.png https://padlet.com/Mrs_Bacon/Monopolies/wish/223312376 Monopolies helped cities and the industry grow in the 19th century. John D. Rockefeller monopolized the oil industry with the standard oil company. Rockefeller used the money from his monopoly to give to the city of New York. Rockefeller's money created parks and squares and established an innovated city life. The money monopolies spent helped modernize every day life. Not only by donating to cities but also by dominating industries such as railroads, oil and steel, which helped American become more progressive. The tactics to create these monopolies however negatively helped the economy. Government officials favored to help business men over farmers. This put farmers into economic distress which impacted the economy by creating higher interest rates.]]> 2018-01-22 13:34:27 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223312376 https://padlet.com/Mrs_Bacon/Monopolies/wish/223313198 Monopolies in the late 19th century were beneficial to the US economy because they established a industry that was a need, and the huge corporations fought for that need at lowering prices for the consumer, while supplying jobs for the economy. However the monopolies were also bad because they would give the corporations so much power they had influence on the government, and any other institution that served to make them more money.]]> 2018-01-22 13:36:09 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223313198 https://padlet.com/Mrs_Bacon/Monopolies/wish/223313512 Monopolies in the 19th century allowed America to develop as one of the most powerful nation in the world with its expansive rail system, dominance in the oil industry, the uprising mechanical industry and much more. These same monopolies however caused an increase in government corruption with politicians being swayed by corporations to favor them, corporations using scandalous tactics to force competitors to submit and some business men of monopolies hoarded money for personal use, disregarding the public. ]]> 2018-01-22 13:36:38 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223313512 https://padlet.com/Mrs_Bacon/Monopolies/wish/223314701 The development of monopolies in the late 19th century was beneficial because people such as John D. Rockefeller monopolized the oil industry, but used his profits to benefit the city of New York as well as invest in scientists to better his business. Yet these monopolies were harmful in a sense that Cornelius Vanderbilt took advantage of his powerful industry to harm opposing industries and only benefit himself.]]> 2018-01-22 13:38:59 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223314701 nlinder1563 https://padlet.com/Mrs_Bacon/Monopolies/wish/223314894 Though monopolies did help grow industries in the 19th century, the monopolies also caused harm to the US economy. This is so because as the industries were dominated by only a few smart businessmen, those men, in some instances, took absurd measures in order to stay in competition with one another, but more importantly, to beat the competition. These industries then fueled the economy by creating thousands of jobs, but they also became so strong that they had the power to sway government officials.]]> 2018-01-22 13:39:22 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223314894 https://padlet.com/Mrs_Bacon/Monopolies/wish/223314896 Monopolies in the late 19th Century allowed for the immense growth of a powerful American industry recognizable worldwide. These industries, such as Rockefeller's oil industry, brought much income to the US and raised the GDP and boosted economy, except Gould forget that guy. On the other hand, monopolies lead to more government control due to the fact that there's only one place to really be regulated and smaller businesses can just put up or shut up because they were practically irrelevant. Also many would hoard money from their industry for personal gain or to just own a market for yourself, I'm looking at you Gould, so the government had to step in in some instances to end the shenanigans.]]> 2018-01-22 13:39:22 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223314896 https://padlet.com/Mrs_Bacon/Monopolies/wish/223314906 Monopolies in the late 19th century were helpful to the U.S. economy as they enabled ambitious people to develop and advance their ideas to revolutionize the world that we all know today. However, monopolies were also harmful as they kept meaningful competition out of their respective industries and enabled the powerful to take advantage of their control on prices to strip the customers of as much cash as possible in many cases.]]> 2018-01-22 13:39:24 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223314906 https://padlet.com/Mrs_Bacon/Monopolies/wish/223315095 Monopolies in the late 19th century helped the economy as some of the titans of the gilded age would again put there money into charities and schools, with many jobs also being created in the process of the expansion of such large empires. However it was also harmful as many people who worked for these companies would work for extremely low pay with many immigrant workers. It also caused for much corruption within the government and these large companies ]]> 2018-01-22 13:39:48 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223315095 https://padlet.com/Mrs_Bacon/Monopolies/wish/223315120 Monopolies helped with the rapid expansion of their industry with little to worry about income or competition. On the other hand, monopolies had the ability to raise the prices of their products instead of lowering the prices to compete with other companies for consumers. This also left consumers with limited choices in what to buy.]]> 2018-01-22 13:39:51 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223315120 https://padlet.com/Mrs_Bacon/Monopolies/wish/223315306 Monopolies in the 19th century were beneficial to the economy as it allowed for much needed industries to grow very quickly. In turn, this led to more jobs being available to society, and this can especially be seen within the oil industry with Rockefeller. Additionally, this led to the United States becoming the most industrialized nation of its time. However, with this, monopolies also brought along government corruption as government officials would side with corporations due to bribes which would then allow them to remain strong. Also, monopolies kept others from entering the market as a competitor as they would easily be pushed out. This meant that consumers only had one choice when it came to goods such as steel and oil.]]> 2018-01-22 13:40:15 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223315306 https://padlet.com/Mrs_Bacon/Monopolies/wish/223315409 The development of monopolies in the late 19th century provided new jobs, made products cheaper for consumption, and provided innovative ways to increase transportation and production. While monopolies were beneficial, they were also harmful. Monopolies would buy out other companies or intimidate the competition into dropping out. Monopolies would also treat their workers poorly and allow workers to work in dangerous situations. So, during the late 19th century monopolies were harmful and beneficial.]]> 2018-01-22 13:40:28 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223315409 juribemaza3831 https://padlet.com/Mrs_Bacon/Monopolies/wish/223315433 The development of monopolies in the 19th century was beneficial to the US economy since the creation of multiple companies such as railroads, oil and steel transformed the US into a powerful nation. For instance, J.P Morgan reorganized business structures an management so businesses could regain profit. In addition, the railways helped to establish the US as a powerful nation. Despite a large development of innovations, such as machines, the monopolies also were harmful since the majority of the companies that administrated them had an unfair treatment of employees which caused multiple strikes such as Wabash Strike, in addition there was a reduction of wages.]]> 2018-01-22 13:40:32 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223315433 https://padlet.com/Mrs_Bacon/Monopolies/wish/223315804 Monopolies in the 19th century enabled the development of the economy, but was also harmful. For instance, John D. Rockefeller's industry created the expansion of Oil and JP Morgan expanded the already growing railroad industry making exports and imports easier to get to eachother. Although these changes were helpful the economy, not all were beneficial. For example, Vanderbilt shut off the railbridge that was the main gateway to New York City, thus upsetting his competitors. Doing so didn't allow cargo to get to their destinations ultimately causing many conflicts.]]> 2018-01-22 13:41:18 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223315804 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316055 Monopolies in the late 19th century were benefical on t the us economy as it commensed the start of major industrial production and helped the economy greatly .The rise of jobs ,imigration travel and opportunity helped many people have a stable life.The rise of industry also helped stablize the economy at times when a recession was to come .Cornelieus VAnderbuilt was one of the greatest industrialist as he started his own railroad company and advanced over many of his competitors.However lthough this was a great influence onto the economy many people were not treated right, work rights protested erupted ,when recession would hit many lives were affected .The greatest negative impact was onto the start of enviromental problems .]]> 2018-01-22 13:41:49 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316055 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316139 Rapidly growing 19nth century America was greatly impacted by the development of Monopolies. The development of monopolies would help create the foundations for corporations and many establishments of today's businesses. They also influenced in the growth of the economy. Monopolies also created a need for regulations towards their wealth and control. Yet because monopolies had so much control at the time there were many instances of unethical business practices and greed in wealth. ]]> 2018-01-22 13:42:00 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316139 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316614 In the 19th century, the development of monopolies had harmed the economy, however monopolies  did benefit the growth of industries. People like John D Rockefeller and Andrew Carnegie had expanded oil and steel with their industries and had grown more jobs. ]]> 2018-01-22 13:43:03 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316614 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316627 The arousal of monopolies in the late 19th century benefited the US economy drastically. They allowed for the growth of many industries such as oil, steel, and railroad. These monopolies helped build the image of American society as it is today. While these monopolies did boost America's economy it did cause major differences between the wealthy and the poor. For instance, at one point in time, John Rockefeller accounted for 2% of the entire nations GDP. This contrast between the wealth and the poor of society shows the problem of monopolies and how the poor will remain poor, while few can become immensely rich]]> 2018-01-22 13:43:05 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316627 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316683 monopolies in the late nineteenth century was beneficial to the US economy as it provided new employment opportunities and new industries that are now essential to the country. However, it harmed the United States as the industries were owned by very powerful men who decided what to do with all the money they had made. ]]> 2018-01-22 13:43:13 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316683 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316767 Monopolies helped grow the economy but was also harmful. For instance, Vanderbilt owned the shipping industry but saw railroads expanding and used it to expand his business. As Vanderbilt’s business grows other people sought to make money as well. Gould made “share stocks” for Vanderbilt to buy but the money only went to Gould .]]> 2018-01-22 13:43:25 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316767 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316819 The development of monopolies in the 19th century helped developed the united states economy by expanding industries and increasing the supply of resources available.However it also was harmful. It caused a huge desire for cheap immigrant workers . wages were so low people could barley survive off them.]]> 2018-01-22 13:43:32 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316819 caltikulac6420 https://padlet.com/Mrs_Bacon/Monopolies/wish/223316868 During the late nineteenth century, new economic pursuits were occurring to help increase the US economy as a whole. For example, the introduction of the strong industries of oil, steel, railroads, and investment in industries, which help show the real image of an expanded economy. On the other hand, these companies were so strong that it had to be taken out of their hands with government regulation.]]> 2018-01-22 13:43:38 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223316868 ichukwu7692 https://padlet.com/Mrs_Bacon/Monopolies/wish/223317205 Monopolies in the late 19th century were beneficial to the US economy. These business giants helped propel the United States to what it is today. People like Carnegie and Rockefeller all established giant businesses, which brought in millions of dollars into the economy. Even though it can be beneficial, there are people like Gould out there who sought to outsmart the system and take in as much money as possible]]> 2018-01-22 13:44:23 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223317205 https://padlet.com/Mrs_Bacon/Monopolies/wish/223317610 The development of monopolies in the late 19th century was beneficial to the American economy because it provided more jobs to the American people, and it industrialized America, therefore bringing more international attention the The States. However, it was harmful because it created financial power among a small group of people and increased the gap between the wealthy and the poor.]]> 2018-01-22 13:45:15 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223317610 https://padlet.com/Mrs_Bacon/Monopolies/wish/223317810 Monopolies are not good nor bad. There are pros and cons to specific monopolies. For example, a patent holder has a monopoly on the patent. Depending on the patent laws, the pros may or may not outweigh the cons. The patent laws may encourage new inventions and/or they may encourage patent sitting. There is not an easy question to answer.]]> 2018-01-22 13:45:42 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223317810 https://padlet.com/Mrs_Bacon/Monopolies/wish/223318016 The development of the monopolies during the 19th century had a huge advantageous impact towards the economy. They advocated thousands of new jobs for the american people in positions for railroads and companies. However, it was also harmful , because the monopolies gave the government too much power.]]> 2018-01-22 13:46:07 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223318016 https://padlet.com/Mrs_Bacon/Monopolies/wish/223319206 Monopolies  are not good nor bad. There are pros and cons to specific monopolies. For example, a patent holder has a monopoly on the patent. Depending on the patent laws, the pros may or may not outweigh the cons. The patent laws may encourage new inventions and/or they may encourage patent sitting. There is not an easy question to answer.]]> 2018-01-22 13:48:46 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223319206 https://padlet.com/Mrs_Bacon/Monopolies/wish/223342110 The development of monopolies in the late 19th century was beneficial to the American economy through the increase in urbanization, job creation, and private business which comes with it. Andrew Carnegie, for example, donated $125,000,000 to tge creation of colleges and universities. His ability to do this came from the substantial amounr of wealth he acquired through monopolizing his industry. He also donated $10,000,000 to the creation of a teacher's pension fund. The rapid growth of monopolies also creates a large amount of available jobs within their respective industries. However, the monopolies of the late 19th century harmed the American economy through human interest in that the banking industry gained longer working hours in combination with lowered wages due to J.P. Morgan's selfishness within the industry. Jay Gould also harmed the work force as he exerted to much control over his labor force, resulting in the Wabash Strike. Jay Gould also had to do with the creation of Black Friday in the Gold market as he found a way to increase his profits. This came at the expense of the entire American economy's prices and profitability, however, as one of the greatest American economy crashes of all time was created.]]> 2018-01-22 14:29:41 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223342110 https://padlet.com/Mrs_Bacon/Monopolies/wish/223342989 The introduction of monopolies in the early 19th century benefitted the economy because it created markets that allowed for a high amount of money flow as well as an increase in jobs. These jobs allowed more and more people to be employed, thus allowing them to spend more and keep the economy flowing. Although the monopolies allowed for more jobs and an increase in production of good and spending, it allowed for the business owners to regulate the prices and the wages of the workers which harmed the poorer workers because they were at the will of the monopoly business owners who controlled the prices of the things they spent their money on. ]]> 2018-01-22 14:31:24 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223342989 https://padlet.com/Mrs_Bacon/Monopolies/wish/223343309 Monopolies benefitted the United States during the late 19th century by creating jobs and increasing urbanization. However, it came with some negative effects because competition was eliminated and huge industrial corporations had way too much power over prices. ]]> 2018-01-22 14:31:59 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223343309 https://padlet.com/Mrs_Bacon/Monopolies/wish/223343667 Monopolies both benefited and hurt the US economy. Monopolies allowed the US to develop a wide spread infrastructure spanning the country, and burst into the industrial revolution as a world leader. Monopolies brought the US more money, and led the change from a rural country to a more urban one. However, monopolies hurt most of the citizens of the US. It led to a wider division between the rich and the poor, and led to widespread urban slums developing in cities. ]]> 2018-01-22 14:32:35 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223343667 https://padlet.com/Mrs_Bacon/Monopolies/wish/223343903 Monopolies help American society by creating jobs and boosting the economy, creating an urban America, yet the monopolies also led to a larger gap between classes making the rich richer and the poor less endowed. This led to people living off of payments that wouldn’t be enough to survive for one person let alone a family.

]]> 2018-01-22 14:33:02 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223343903 https://padlet.com/Mrs_Bacon/Monopolies/wish/223344153 Monopolies allowed for more money centered in one company which allowed further development of each industry. This led to great innovation in the developing industries. However, these same monopolies caused a large gap between the rich and the poor. The more the workers of these huge companies worked, the richer their bosses would get and caused a growing economic division.]]> 2018-01-22 14:33:26 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223344153 https://padlet.com/Mrs_Bacon/Monopolies/wish/223344232 Monopolies allowed the development of one industry and created many jobs furthering urbanization. However, companies had way too much money and grew too powerful]]> 2018-01-22 14:33:33 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223344232 https://padlet.com/Mrs_Bacon/Monopolies/wish/223344267 The monopolies of the late 19th century made the United States the most industrialized nation in the world. They did so because in order to corner their market, the companies had to be incredibly efficient and large, meaning the United States ended up producing massive amounts of output for very low input. In their quest for supremacy, however, the monopolies were often ruthless and forced other companies out of business, and the quest for more profit often led to some questionable actions such as cutting worker pay and manipulating the government.]]> 2018-01-22 14:33:37 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223344267 https://padlet.com/Mrs_Bacon/Monopolies/wish/223344554 This era with rising and upholding empires of entrepreneur hold many beneficial factors for the economy and the people providing hundred thousdands of jobs. Plus, productions of porducts and transportation has made the people’s lives easier to access many things from traveling to having lights during night time. However, there is always a downside to everything. Competition between businessman caused problems to corrput the government, stock market, and people’s live. For instantce, Jay Gould would try anything to rip every penny Vanderbilt has to take control of Erie Railroad. While Vanderbilt himself did everything he could to get whatever he wanted. Looking pass the dangerous work that the people construsts building on railroads, but wants more. The selfishness never ends even though the growth of the country is at its peak. ]]> 2018-01-22 14:34:07 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223344554 https://padlet.com/Mrs_Bacon/Monopolies/wish/223344565 During the late 19th century, the development of monopolies both benefited and harmful to the US economy. Monopolies created jobs in the railroad and steel industry, as well as further develop the west. These companies was harmful to the US citizens due to low wages and poor working conditions. This created a wide gap between those who had money and those who didn't. 

]]> 2018-01-22 14:34:08 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223344565 https://padlet.com/Mrs_Bacon/Monopolies/wish/223345565 The monopolies in the 19th century were both harmful and benificial. On one hand these monopolies industrialized the nation and created countless jobs, but on the other hand overall greed and power corrupted countless men.]]> 2018-01-22 14:35:50 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223345565 https://padlet.com/Mrs_Bacon/Monopolies/wish/223345663 The development of monopolies opened the doors to a larger economy for the US, and with the expansive evolution undergoing all across America, every aspect of economical improvements had an influence on the standings the US had in the world. However, some of these monopolies were not directly supposed to help the US economy, and as a result many in the work force to serve these monopolies suffered from low wages and dangerous working conditions. ]]> 2018-01-22 14:36:01 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223345663 https://padlet.com/Mrs_Bacon/Monopolies/wish/223345913 Monopolies during the 19th century became beneficial in the development of the nation as new jobs and opportunities opened up; thus, making the economy flourish. However, monopolies also contributed to mistreatment of the labor forces because business owners were given too much power that it overlooked their rights. Furthermore, the intense control over the economy of these leaders allowed them to manipulate prices to their favor while disregarding the rest of society. ]]> 2018-01-22 14:36:27 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223345913 https://padlet.com/Mrs_Bacon/Monopolies/wish/223346048 The development of monopolies allowed for international competitiveness and regulations to be made in the government this allowed for a higher aim and goal to be made and the economy to benefit greatly. however some disadvantages did include higher prices and fewer incentives to be attained, bringing in the controversy about giving “free things” to the poor and those asking for charity. ]]> 2018-01-22 14:36:37 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223346048 https://padlet.com/Mrs_Bacon/Monopolies/wish/223346266 The development of industries was beneficial to the economy because there was a major shift from rural to urban labor, technologically advanced goods and services and increased standards of living. There was also some disadvantages such as increase of pollution, long working hours, jobs were dangerous and crowding in the cities. ]]> 2018-01-22 14:37:04 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223346266 https://padlet.com/Mrs_Bacon/Monopolies/wish/223346325 The development of monopolies during the late 19th century benefited the economy because it formed more markets which created more jobs. These new jobs increased the number of people employed giving them more money to spend and thus keeping the flow of money in the economy. However, there were negative effects like the elimination of competition and the small number of corperations that had too much power over prices.]]> 2018-01-22 14:37:10 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223346325 https://padlet.com/Mrs_Bacon/Monopolies/wish/223346442 Monopolies were beneficial because they increased the number of jobs and revolutionized the industries, advancing technology in America in many ways. On the other hand, these monopolies were very detrimental to the economy because competition was often bought out by the rich owners of the monopolies, workers were often treated poorly, and foul play was often involved in the robber baron's never-ending quest for wealth. ]]> 2018-01-22 14:37:20 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223346442 https://padlet.com/Mrs_Bacon/Monopolies/wish/223346540 The results of monopolies in the 19th century had pros and cons to the US economy . The creation of many jobs for the American people was a pro because this created a better gdp. However with monopolies, this would be adversity towards entrepreneurs trying to join that same field . For example , someone trying to start an oil business would have to compete with Rockefeller companies

]]> 2018-01-22 14:37:33 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223346540 https://padlet.com/Mrs_Bacon/Monopolies/wish/223346657 Monopolies were beneficial to the economy because they produced more goods, which lowered costs, and increased revenue. However, monopolies can be evil, as some companies can charge people more for low quality service.]]> 2018-01-22 14:37:46 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223346657 jvong4368 https://padlet.com/Mrs_Bacon/Monopolies/wish/223347744 Monopolies during the 19th century were beneficial to the Us  because it creates a lot of markets and thus help the  cash flow. Not only that it also created many jobs which helps to employ more people. On the downside, inflation and social issues were common problems that were caused by the monopolies.]]> 2018-01-22 14:39:49 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223347744 https://padlet.com/Mrs_Bacon/Monopolies/wish/223347757 Competition breeds new innovation and diversification of the economy. It's healthy capitalism. This becomes harmful when leaders of industries go as far as neglecting the welfare of the labor force in order to maximize profits. During the late nineteenth century, this manifested as a widening gap between the rich and poor. This lead to more government intervention for standardization such as prohibiting trusts, ultimately proving beneficial for the future economy. ]]> 2018-01-22 14:39:50 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223347757 https://padlet.com/Mrs_Bacon/Monopolies/wish/223348142 Monopolies allowed the development of a single industry in control of cerrain products. This allowed the employment of many people by creating many jobs. On the downside some industries had far too much power. in fact the gap between the rich and poor widened ]]> 2018-01-22 14:40:26 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223348142 https://padlet.com/Mrs_Bacon/Monopolies/wish/223348979 Some of the people that wanted to improve the monopoly also made it so ]]> 2018-01-22 14:41:51 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223348979 https://padlet.com/Mrs_Bacon/Monopolies/wish/223350143 The development of monopolies in the late nineteenth century was both beneficial and harmful to the U.S economy. The tactics the industrialists used were ethically and morally wrong but in the end they changed the American economy. For one, they caused for there to be an increase in the workforce, thus benefiting the economy. However monopolies also  caused for there to be a increase in prices which could harm many people. ]]> 2018-01-22 14:43:48 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223350143 https://padlet.com/Mrs_Bacon/Monopolies/wish/223377849 The development of monopolies was both a good and harmful thing for the US economy. The people that took part in monopolies where made rich by their way of learning how to make production useful. For example, steel and oil that were one of the main uses for corporations ,making these people control what resources can be used for. The way that having a monopoly on these resources benefitted the uS economy was that there were more railroads for travel and more people using those means of transportation. The reason why monopolies were bad was because having to much power over certain corporations would put the government in a place to lose power and have no control over the legislation of the monopoly. Not only this but the fact that monopolies were mainly source of bribery. ]]> 2018-01-22 15:30:29 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223377849 https://padlet.com/Mrs_Bacon/Monopolies/wish/223377997 It was quite beneficial for the economy because the accumulation of wealth permitted the industry to develop more and better technologies, which fostered the movement toward the future of humankind. Some of these developments were sustainable light sources, the bases for today's cars, etc... However, not all of it good. So much power concebtrated in so little hands created a gigantic unbalance which people were really upset about. This led to riots, which hurt the productivity of the country.]]> 2018-01-22 15:30:45 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223377997 https://padlet.com/Mrs_Bacon/Monopolies/wish/223378777 The development of monopolies in the nineteenth century resulted in both positive and negative results in the US economy. The economy was at a disadvantage due to competition and high prices. Every competitor wanted to be better and earn more money than the other competitors. However, the economy was at an advantage due to research and development increasing. Also, more jobs were created because competitors wanted more workers so that they can create more product and earn more money. ]]> 2018-01-22 15:31:55 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223378777 https://padlet.com/Mrs_Bacon/Monopolies/wish/223379180 Monopolies were highly beneficial to the U.S economy, as it brought revenue to entrepreneurs and workers, while increasing jobs and market shares for entrepreneurs. However, monopolies completely defeated competition, allow others to have no share in the respective industries due to the gridlock that some entrepreneurs had on them.]]> 2018-01-22 15:32:31 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223379180 https://padlet.com/Mrs_Bacon/Monopolies/wish/223379418 The monopolies developed in America in the 19th century were both beneficial and harmful to the economy. These monopolies were beneficial because the work force increased and these monopolies were making millions of dollars which increased the country's GDP. However, when monopolies would force rivals to sell out or cheat them out of their money people that worked with the company would lose their jobs that were probably not paying them much anyway.]]> 2018-01-22 15:32:55 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223379418 https://padlet.com/Mrs_Bacon/Monopolies/wish/223379721 The development of monopolies greatly helped the U.S. economy. It did this by increasing jobs in the United States. However on the flip side it increased the gap between the rich and the poor]]> 2018-01-22 15:33:29 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223379721 https://padlet.com/Mrs_Bacon/Monopolies/wish/223380726 The development of the monopolies helped create competition between different companies, which increased the economical growth. However the monopolies hurt the over done competition between low price ranges, which decreased the economy. ]]> 2018-01-22 15:35:17 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223380726 https://padlet.com/Mrs_Bacon/Monopolies/wish/223380812 The development of monopolies was beneficial to the US economy because it helped in the distribution and diversity of products. For example railroads helped crops get shipped at a longer distance yet over a shorter time span. However monopolies did not only benefit the US economy, it also harmed it. More monopolies called for more competition within the economy, not only that but workers such as farmers suffered from the prices which the owners of these monopolies established to their advantage.

]]> 2018-01-22 15:35:27 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223380812 https://padlet.com/Mrs_Bacon/Monopolies/wish/223380885 The development of monopolies in the 19th century was very beneficial to the US economy. The use and development of railroads helped to promote travel across the US to western territories and made trade/shipping goods easier and cheaper. Furthermore, some omen such as Cornelius Vanderbilt took the money that hey made from the railroad business and donated to a variety of charities and founded schools. This helps to promote education throughout the US indirectly boosting the economy.]]> 2018-01-22 15:35:35 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223380885 https://padlet.com/Mrs_Bacon/Monopolies/wish/223381352 Monopolies were helpful to the country because while the country was still growing in the late 1800s and early 1900s the monopolies created many job opportunities for the country. With more jobs being available for the country it brought a better economy and less unemployment for the country. Some bad things about monopolies that happened in America was that entrepreneurs had harder times starting a business and being successful. Also there were not laws for businesses yet so many bribes were happening. ]]> 2018-01-22 15:36:26 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223381352 https://padlet.com/Mrs_Bacon/Monopolies/wish/223382495 The development of monopolies in the 19th century were beneficial for the economy because monopolies produce greater outputs, as well as diversity in the production of goods. As a result, the growth of the economy grew tremendously. ]]> 2018-01-22 15:38:41 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223382495 https://padlet.com/Mrs_Bacon/Monopolies/wish/223382502 The development of Monopolies were both beneficial and harmful in the US during the 19th century. Monopolies opened opportunities for the working class creating markets, increasing job opportunities in the us increasing millions of dollars for large industries. On the other side the development of monopolies were harmful because this ruined the GDP and unbalanced the total output of the GDP]]> 2018-01-22 15:38:42 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223382502 https://padlet.com/Mrs_Bacon/Monopolies/wish/223382562 The development of monopolies in the late 19th century was not beneficial to the U.S. economy because it stifles competition and free trade.]]> 2018-01-22 15:38:49 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223382562 https://padlet.com/Mrs_Bacon/Monopolies/wish/223384634 The way monopolies were beneficial for the economy because if their wasn’t competitive people in this world we wouldn’t have big businesses. The way monopolies were negative was also the competition because everyone would do anything for money.]]> 2018-01-22 15:41:33 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223384634 https://padlet.com/Mrs_Bacon/Monopolies/wish/223448042 Monopolies were beneficial to the US economy in many ways. It created less competition and while this meant less workers, it also meant more freedom. Possible new paths opened up thanks to these monopolies. Helping revolutionize the country. However at the same time, with less jobs, it meant that getting one at such an industry would be difficult. Every positive has a negative. Having huge monopolies was just one.]]> 2018-01-22 17:30:05 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223448042 https://padlet.com/Mrs_Bacon/Monopolies/wish/223448559 Monopolies were helpful in the sense that they gave people a look at what can happen when the economy isn't controlled. Mobilizes hurt the economy by not giving people optimum products due to lack of competition as well as charging them rediculously for products that would otherwise be less expensive due to competition. ]]> 2018-01-22 17:31:11 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223448559 https://padlet.com/Mrs_Bacon/Monopolies/wish/223448637 Since there were monopolies those industries were able to be developed sufficiently and provided many jobs. They were harmful because since they were monopolies there was no real price limit and the high prices poorly affected consumers and in turn the economy.]]> 2018-01-22 17:31:20 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223448637 https://padlet.com/Mrs_Bacon/Monopolies/wish/223448800 The development of big monopolies was great and bad to the US economy. The monopolies helped with jobs and with developing new technologies, however it lead to alot of the us citizens being poor and the competition between different companies being too big ]]> 2018-01-22 17:31:39 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223448800 https://padlet.com/Mrs_Bacon/Monopolies/wish/223448987 Monopolies were beneficial because there’s was one person making sure that the industry was expanding. And because of their lust for power, they made sure that the industry expanded. They were harmful because that one person cut out all the competition which can be harmful to the economy, and they could do what they wanted to affect everyone in the country because they had all the control. Also a lot of the industries relied on eachother so one person can affect the entire economy and all its industries ]]> 2018-01-22 17:32:01 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223448987 https://padlet.com/Mrs_Bacon/Monopolies/wish/223449051 Monopolies were beneficial to the economy, because the monopolized industries helped to establish America as a leading industrial power on the global stage. These industries were the main source of economic growth of the time & without monopolies the competitive nature that drove people to invest in industry, wouldn’t exist. On the contrary monopolies hurt those who were lower class citizens, they weren’t able to establish their own foothold into industry due to the massive players who controlled certain industries. Thus limiting the number of people who could become higher class citizens.]]> 2018-01-22 17:32:08 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223449051 https://padlet.com/Mrs_Bacon/Monopolies/wish/223449112 Monopolies of industry were beneficial to the economy in the sense that they were steady and strong sources of materials and services for everyone. Also, I think the development of a class of super wealthy people was good because it was inspirational and provided a source of wealth for the rest of everyone. However, they were harmful because some people became robber barons and took advantage of the industry for their own personal gain. And with a monopoly, opportunities for other people in that industry are made much less likely to be successful and more difficult. ]]> 2018-01-22 17:32:16 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223449112 https://padlet.com/Mrs_Bacon/Monopolies/wish/223449555 Monopolies were both helpful and harmful to the US economy. They were helpful because they provided jobs for many people and were harmful because they did not allow much competition between companies and widened the gap between the rich and the poor. ]]> 2018-01-22 17:33:07 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223449555 https://padlet.com/Mrs_Bacon/Monopolies/wish/223450192 Monopolies during the 19th century helped establish the American economy as a superpower in the world. Monopolies such as Rockefeller’s and Carnegie’s expanded the economy greatly with the enomerous amounts of money that they were pouring into it. However, these monopolies caused many problems such as the smaller businesses were put out of the industry and this caused a gap between the super rich and the very poor because most people were workers for these mega companies.]]> 2018-01-22 17:34:15 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223450192 https://padlet.com/Mrs_Bacon/Monopolies/wish/223450402 Monopolies were beneficial to the US economy because they essentially guaranteed the growth of an industry. It was harmful, however, because with one person in power led to controversy in their business tactics. That much power to just one person rarely lead to anything good as well. ]]> 2018-01-22 17:34:38 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223450402 https://padlet.com/Mrs_Bacon/Monopolies/wish/223450656 Monopolies were beneficial to the economy because of the developing industries that kept expanding. As well as creating more jobs which helped the economy. However, they were harmful because even though people had jobs they still struggled because of the poor wages. Also workers were often exposed to dangerous working conditions. There were also illegal activities involving some of the titans of the gilded age.]]> 2018-01-22 17:35:08 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223450656 https://padlet.com/Mrs_Bacon/Monopolies/wish/223452019  were harmful because it led  to industrial "robber barons' to flourish, which led to hard worker to gain low income. This increased poverty in the US economy.]]> 2018-01-22 17:37:39 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223452019 https://padlet.com/Mrs_Bacon/Monopolies/wish/223453098 The monopolies were beneficial to the US economy in that it created jobs and the working class had an opportunity to have better lives. There were also advancements in technology that increased production. The monopolies were harmful in that the monopolies enlarged the gap between the rich and poor.]]> 2018-01-22 17:39:38 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223453098 https://padlet.com/Mrs_Bacon/Monopolies/wish/223453209 Monopolies were beneficial due to the vast amount of jobs it create for people, but it was harmful due to the poor working conditions and treatment of workers as well as the low wages paid to the people. ]]> 2018-01-22 17:39:50 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223453209 https://padlet.com/Mrs_Bacon/Monopolies/wish/223453673 Monopolies were beneficial to the economy because it caused growth and made jobs available to people to contribute to the economy. It was also harmful because the people working weren’t exactly treated right or payed well in most industries. This is caused by the men who created the company sometimes has rich and fame stuck and in graved into their mind by themselves.]]> 2018-01-22 17:40:36 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223453673 https://padlet.com/Mrs_Bacon/Monopolies/wish/223454338 Monoplies were beneficial to US economy because it created jobs and gave people opportunities to work and contribute to the economy. It also helped build the basis for industries that would flourish and contributes to America's growth. It was harmful because even though it helped. Some people would cut corners, pay slave wages, and would do things for their own good. ]]> 2018-01-22 17:41:38 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223454338 https://padlet.com/Mrs_Bacon/Monopolies/wish/223454355 The development of monopolies helped build the economy during the 19th century. Industries, such as the railroad industry, created fast and efficient ways to transport goods throughout American. However, monopolies also had some negative affects. The creation of monopolies resulted in entrepreneurs becoming millionaires while other people were dying of starvation. Monopolies created widened social classes. ]]> 2018-01-22 17:41:39 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223454355 https://padlet.com/Mrs_Bacon/Monopolies/wish/223454801 Monopolies were beniflical because they created many jobs which helps the economy even though most of the jobs were either dangerous or they weren't being treated fairly in their work conditions. They were harmful to the economy because it tore apart the poor and rich leaving them in very two different levels]]> 2018-01-22 17:42:21 UTC https://padlet.com/Mrs_Bacon/Monopolies/wish/223454801