Question

Why did critics think monopolies and trusts were bad for society?

Answer 1

Trusts are problematic for several reasons. Monopolies develop from trusts and give total control of a specific industry to one group of companies. Owners and top-level executives of monopolies profit greatly, but smaller businesses and companies have no chance to make money at all.

Answer 2

One of the main reasons why so few court cases were won against monopolies and trusts during the Gilded Age is because many of the people responsible for prosecuting and trying the cases were involved in the business in question in some way--creating a wild conflict of interest.

Step-by-step explanation: