Final answer:
During the Gilded Age, some Americans believed that monopolies and corruption in politics were hindering societal progress by limiting competition and stifling innovation.
Step-by-step explanation:
During the Gilded Age, some Americans argued that monopolies and corrupt business practices were hindering the natural progress of society. These monopolies, such as those controlled by industrial giants like Andrew Carnegie and John D. Rockefeller, limited competition and stifled innovation. Corruption in politics, with politicians being influenced by big business, also hindered progress by preventing the implementation of reforms and regulations.
For example, the Standard Oil Company, founded by Rockefeller, held a monopoly on the oil industry, crushing smaller competition and controlling prices. This limited the ability of other entrepreneurs to enter the market, slowing down technological advancements and economic growth.
Furthermore, political machines and patronage systems allowed for widespread bribery and corruption. This hindered progress by diverting resources away from public services and into the hands of corrupt politicians, leaving many citizens without access to basic necessities and hindering societal development.
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