Question

Which of the following methods would the industrialists of the 1800s not use to dominate their industry?

A.horizontal consolidation
B.vertical consolidation
C.Socialism
D.formation of trusts

Answer 1

Which of the following were methods used by industrialists in big business to be successful?

horizontal consolidation

vertical consolidation

Answer 2

The correct answers is C. Socialism (as a political ideology) arose as a response to the the way in which the industrialization of Europe dramatically affected the everyday lives of individuals (the working class in particular). This political ideology was, therefore, an economic and social consequence of the Industrial Revolution.