Which of the following statements is an argument in favor of trusts?

1) Many Americans saw trusts as a threat to free enterprise.

2) Trusts give a great deal of economic power to a very small number of people.

3) Trusts are more efficient than individual corporations because they don't have any competition.

4) Trusts used their money to influence politicians who passed laws that were favorable to big business.

Question

Social Studies

Owen Hunter

17 January, 02:17

Which of the following statements is an argument in favor of trusts?

1) Many Americans saw trusts as a threat to free enterprise.

2) Trusts give a great deal of economic power to a very small number of people.

3) Trusts are more efficient than individual corporations because they don't have any competition.

4) Trusts used their money to influence politicians who passed laws that were favorable to big business.

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Answers (1)

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Sidney Gilmore · Answer 1

The following statement is the argument in favor of trusts: 4) Trusts used their money to influence politicians who passed laws that were favorable to big business.

Explanation:

Business men usually influence the politicians by offering them money to get their work done.

Politicians are members of the parliament and government. They are responsible in making and passing laws. Business men urge them to pass laws that are favorable for their big business. This in turn brings them lot of profit. Trusts was initially formed to serve the people in need.