Question

Which of the following reasons contributed to the success of industrial giants such as John

Rockefeller and Andrew Carnegie?
a. They inherited their wealth
b. There were many competitors
c. There were few government regulations
d. Unions were strong at the timeWhich of the following reasons contributed to the success of industrial giants such as John
Rockefeller and Andrew Carnegie?
a. They inherited their wealth
b. There were many competitors
c. There were few government regulations
d. Unions were strong at the time

Answer 1

The success of industrial giants such as John Rockefeller and Andrew Carnegie can be attributed to many competitors, few government regulations, and weak unions during the late nineteenth century.

Step-by-step explanation:

The success of industrial giants such as John Rockefeller and Andrew Carnegie can be attributed to several factors:

1. There were many competitors: Having numerous competitors in the market provided these individuals with the opportunity to establish dominance by offering better products, lower prices, and improved services.
2. There were few government regulations: During this time period, there were limited regulations imposed by the government, allowing these industrial giants to operate with relatively fewer legal constraints.
3. Unions were not strong at the time: The strength of unions, which advocate for workers' rights, was relatively weaker during the late nineteenth century. This allowed industrialists like Rockefeller and Carnegie to maintain control over their businesses and keep labor costs low.