Trusts and Monopolies
by: Liz Cooper, Macey Reed, Chad Carslon
A Monopoly is when a company has complete control in the marketplace, without any outside competition.
An example would be if Comcast became the only company you could purchase cable from, that would be due to the fact that it bought out the rest.
A Trust is multiple corporations joining together as a team in order to beat out other companies. A Corporation is owned by stockholders.
An example would be if Burger King and McDonalds joined together against Wendy's since it is their only competition, they would go out of business.
In 1863, John D. Rockefeller entered the oil business and set up a monopoly with his workers.