Question

How did the events on this timeline affect U.S. businesses?

A.) Profit-sharing became standard practice for industrial corporations.
B.) Monopolistic practices were abolished by federal legislation.
C.) Mass-manufacturing techniques were adopted to maximize production.
D.) Retirement plans were guaranteed to factory workers.

Answer 1

The events on the timeline affected U.S. businesses through the abolition of monopolistic practices, the adoption of mass-manufacturing techniques, and the implementation of profit-sharing programs.

Step-by-step explanation:

The events on this timeline affected U.S. businesses in several ways:

1. Monopolistic practices were abolished by federal legislation. The Sherman Antitrust Act of 1890 made it illegal for companies to monopolize an industry or conspire to restrain trade. This legislation aimed to promote fair competition and prevent the abuse of market power by large corporations.
2. Mass-manufacturing techniques were adopted to maximize production. During the Industrial Revolution, businesses began to use standardized assembly-line production methods to increase efficiency and output. This allowed for the mass production of goods, leading to lower costs and increased availability for consumers.
3. Profit-sharing became standard practice for industrial corporations. In some cases, industrial corporations implemented profit-sharing programs, where a portion of the company's profits were distributed among employees. This helped to incentivize workers and fostered a sense of loyalty and collaboration within the workforce.