How did monopolies contribute to the economic challenges that farmers faced in the United States in the late 19th century?

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History

Darius Stevenson

3 September, 17:46

How did monopolies contribute to the economic challenges that farmers faced in the United States in the late 19th century?

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Jocelynn Villa · Answer 1

One of the ways in which monopolies contributed to the economic challenges that farmers faced in the United States in the late 19th century was that they greatly reduced competition, which drove up prices for the consumer--which made people less willing to buy the products.