Monopoly/trust (1870-1900) (jan 1, 1870 – jan 1, 1900)
Description:
Trusts are the organization of several businesses in the same industry and by joining forces, the trust controls production and distribution of a product or service, thereby limiting competition. Monopolies are businesses that have total control over a sector of the economy, including prices.Added to timeline:
Date:
jan 1, 1870
jan 1, 1900
~ 30 years