Examples Of Monopolies During The Progressive Era

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During America's Progressive Era, large monopolies controlled the industries in which they did business, increasing the economy and harming the people. Monopolies were a big thing during the progressive era. A monopoly is when one person or business owns a product that they can only sell and produce. For example, a big industry like oil used to be owned by the Rockefellers, and they were the only ones who could sell oil in America. According to the Newsela article "Entrepreneurs: John D. Rockefeller," "Standard Oil continued to spread." It bought up other companies across the country. In just over 10 years, it owned almost all the oil in America. "The monopolist can set his own price for his product without worrying about competition from other

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