During the industrial era, business leaders such as Vanderbilt, Carnegie, Rockefeller, and Morgan created monopolies that greatly dictated the direction and state of the United State’s economy. Using varying tactics, these four men were able to conquer different emerging industries. Because business had very little regulation at the time, business leaders had limitless power.
The first, main owner of a monopoly was Cornelius Vanderbilt. In the late 1800’s, he dominated the railroad market. The…
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