Final answer:
During the Industrial Revolution, mill owners turned to capitalists for funding, industry dominance, and competition control.
Step-by-step explanation:
During the Industrial Revolution, mill owners turned to capitalists for several reasons:
- Capitalists provided the necessary funds to start and expand factories. Starting a factory required large sums of money to build infrastructure and purchase technology and workers.
- Capitalists had access to the resources needed to monopolize industries. As businesses grew rapidly, some owners accumulated enough capital to create enormous corporations that could control all aspects of the production cycle.
- Capitalists could use their wealth to buy out or stifle competition. With their financial resources, mill owners could eliminate or suppress rival businesses, ensuring their dominance in the market.