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    During the Gilded Age, large companies built monopolies through trusts and horizontal integration. Andrew Carnegie created the first steel monopoly by vertically integrating the steel production process. John D. Rockefeller formed the Standard Oil Trust, which was the first large scale example of horizontal integration that brought many oil refineries under centralized control. While monopolies restricted competition, they were not yet illegal under antitrust laws during this early period of the Gilded Age.

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    During the Gilded Age, large companies built monopolies through trusts and horizontal integration. Andrew Carnegie created the first steel monopoly by vertically integrating the steel production process. John D. Rockefeller formed the Standard Oil Trust, which was the first large scale example of horizontal integration that brought many oil refineries under centralized control. While monopolies restricted competition, they were not yet illegal under antitrust laws during this early period of the Gilded Age.

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    2K views13 pages

    Trusts and Big Business

    Uploaded by

    api-168224538
    During the Gilded Age, large companies built monopolies through trusts and horizontal integration. Andrew Carnegie created the first steel monopoly by vertically integrating the steel production process. John D. Rockefeller formed the Standard Oil Trust, which was the first large scale example of horizontal integration that brought many oil refineries under centralized control. While monopolies restricted competition, they were not yet illegal under antitrust laws during this early period of the Gilded Age.

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    of 13

    TRUSTS & BIG

    BUSINESS

    During the Gilded Age, how


    did companies build
    monopolies?

    BIG BUSINESS

    MONOPOLIES AND TRUSTS

    ANDREW CARNEGIE

    MOVE TOWARD A MONOPOLY

    CARNEGIES MONOPOLY

    CARNEGIES EFFECT ON THE


    STEEL INDUSTRY

    JOHN D. ROCKEFELLER

    ROCKEFELLER ASSEMBLES A
    TRUST

    STANDARD OIL TRUST:


    HORIZONTAL INTEGRATION

    VERTICAL VS. HORIZONTAL


    INTEGRATION

    MONOPOLIES AND
    COMPETITION

    WHY WERENT MONOPOLIES


    ILLEGAL?

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