Examples Of Monopolies In The Titans Of Industry

190 Words1 Pages
Through the introduction of new business practices such as vertical and horizontal integration industries were able to facilitate rapid growth. The “Titans of Industry” John D. Rockefeller, J.P Morgan, Andrew Carnegie, and Vanderbilt built, respectively, their own monopolies in which they justified how their actions were actually “improving the lot of humankind” and how through Social Darwinism they were “justified in their overbearing behavior” (Shultz 301). Social Darwinism derives from the theory of “survival of the fittest” which was applied to the “contemporary economic environment” creating racialistic views on minorities from that era such as the following: women, African Americans, certain types of immigrants, and Native Americans (Shultz
Open Document