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When an industry was monopolized by one company or trust during the Gilded Age, what happened to workers’ wages?

2 Answers

7 votes
the workers' wages was cut down, and the owners were able to pay the workers' whatever they wanted to pay them because by monopolizing, there was no competition
answered
User Kenneth Xu
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0 votes

The workers' wages was cut down, and the owners were able to pay the workers' whatever they wanted to pay them because by monopolizing, there was no competition.

Step-by-step explanation:

Workers often earned less because fewer businesses were competing for their services.The workers' wages were cut down, and the partners were able to pay the workers' whatever they required to pay them because by consuming, there was no contest. The monopolized mean have or take the greatest share of.

answered
User Genero
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7.8k points
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