Multiple choice

By creating monopolies and establishing trusts, industrial leaders of the late 1800s

  1. caused the Panic of 1893

  2. secured passage of the Sixteenth Amendment

  3. were able to accumulate vast amounts of wealth

  4. secured the election of McKinley as president in 1897
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Monopolies and trusts allowed industrial leaders to eliminate competition and control prices, which led to the concentration of immense wealth in the hands of a few individuals during the Gilded Age.

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