Laissez faire capitalism is basically the idea that a business will make as much of a profit as they possibly can, and to completely eliminate the competition. When a business is able to eliminate its competition, it becomes a monopoly. Stockholders of competing corporations would turn in their stock to trustees. At this point, they would receive a trust certificate which entitled them to a dividend. Trusts had a huge impact on American economy, and made people extremely wary of new businessmen and the methods they would use. They were able to accommodate the prices and quality of products to fit the needs of the businessmen, without worrying about laws of supply and demand. Trusts became a huge political force as well, and some even accused trusts of buying votes. Trusts became extremely powerful and wealthy, and made people question the morality of it more and
Laissez faire capitalism is basically the idea that a business will make as much of a profit as they possibly can, and to completely eliminate the competition. When a business is able to eliminate its competition, it becomes a monopoly. Stockholders of competing corporations would turn in their stock to trustees. At this point, they would receive a trust certificate which entitled them to a dividend. Trusts had a huge impact on American economy, and made people extremely wary of new businessmen and the methods they would use. They were able to accommodate the prices and quality of products to fit the needs of the businessmen, without worrying about laws of supply and demand. Trusts became a huge political force as well, and some even accused trusts of buying votes. Trusts became extremely powerful and wealthy, and made people question the morality of it more and