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FOR trusts. AGAINST trusts. 1. Trusts/ monopolies reduce competition Without competition there’s no reason for companies to keep prices low or ________________ 2. Hard for new companies to compete with powerful ______________ 3. Few Fabulous Wealthy vs. Majority Wretchedly Poor
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FOR trusts AGAINST trusts • 1. Trusts/ monopolies reduce competition • Without competition there’s no reason for companies to keep prices low or ________________ • 2. Hard for new companies to compete with powerful ______________ • 3. Few Fabulous Wealthy vs. Majority Wretchedly Poor • Political influence & wealth can • sway people in power to buy or • neglect certain companies • Too much ________________ruins • businesses & puts people • out of work • 2. Growth of giant corporations brought • - Lower production costs • - ___________________________ • _________________________ • 3. Better ___________________________ • for millions of Americans • By1900- Americans enjoy • highest standard of living • in the world Free Enterprise Systems & Trusts Name:_______________________ Free Enterprise System: Businesses are owned by ______________ who decide what to __________, how much to produce & what ___________to charge • *GOOD for entrepreneurs starting out* • **CONTRAVERSIAL for our fat cats** • - Many thought leaders of __________________ were abusing the free enterprise system • - Companies compete to win customers by making the best ___________at the lowest __________ • ______________________________ • 1890- banned formation of trusts and monopolies • - Too weak to be effective since it • spanned the whole nation • - Some state gov’ts passed laws to regulate, but powerful, rich corporations side-stepped them
