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The excerpt from Ida M. Tarbell's The History of the Standard Oil Company
describes which of the following trends in the American economy of the late
19th and early 20th centuries?
A. Reduction in tariffs to encourage overseas trade
B. Consolidation of businesses into trusts to dominate industries
C. Organization among unskilled laborers to improve working
conditions
D. Government incentives to promote small business
entrepreneurship

Sagot :

Answer:

B. Consolidation of businesses into trusts to dominate industries.

Explanation:

Took the test.

Parrain

The trend in the American economy that we learn about from the excerpt by Ida M. Tarbell was B. Consolidation of businesses into trusts to dominate industries.

What was American business like in the late 19th and early 20th century?

In this period, certain companies sought to take over the American Economy by establishing trusts that would see them holding significant market power.

This was cornered in the early 1900s when President Roosevelt came against Trusts and shut them down.

In conclusion, option B is correct.

Find out more on Trusts at https://brainly.com/question/1963902.

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