Why did government officials allow monopolies to operate without strong regulations during the Gilded Age?

They believed monopolies would keep competition alive.

They believed monopolies were responsible for the growth of the economy.

They believed monopolies would treat their workers well.

They believed monopolies were the most successful way for businesses to make a profit.

Question

History

Bryant Wilkins

24 October, 06:34

Why did government officials allow monopolies to operate without strong regulations during the Gilded Age?

They believed monopolies would keep competition alive.

They believed monopolies were responsible for the growth of the economy.

They believed monopolies would treat their workers well.

They believed monopolies were the most successful way for businesses to make a profit.

+2

Answers (2)

Know the Answer?

Audrey Paul · Answer 1

"They believed monopolies were the most successful way for businesses to make a profit"

Parker · Answer 2

The correct answer is D) They believed monopolies were the most successful way for businesses to make a profit.

Government officials allowed monopolies to operate without strong regulations during the Gilded Age because they believed monopolies were the most successful way for businesses to make a profit.

The Gilded Age was a term coined by American writer Mark Twain in his book "The Gilded Age: A Tale Today." This term refers to the time in the US from 1870 to the beginning of the 1900s. It was a time of economic expansion in the country, but it carried some corruption practices in the government and companies. The creation of monopolies was one of the issues that concerned people and business during those years.