Monopolies in the Progressive Era

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During the Progressive Era, the theory Social Darwinism was a belief conceived by many individuals. This theory was created after the philosopher Charles Darwin’s theory of survival of the fittest. Social Darwinism is a theory stating that every individual must compete against each other in order to achieve success. This theory message states that a person should take any necessary action to earn the highest income possible. Followers of this theory, including Andrew Carnegie, used this theory as fuel and became wealthy, greedy businessmen. Laissez-faire believers did not like this theory. They believed it caused corruption, and influenced people that there is a “sink or swim” economy. Railroad managers displayed little interest for patents. Many railroads manufactured most of their equipment and try to stay away from conflict with two patented items. At the time, because of the lack of different models of patents, thus infringement cases remained low. By the 1860’s, several railroads such as New York Central, The Baltimore Chicago, and Ohio .expanded and became more technologically advanced. More equipment were being used which made monopolies and other corporations vulnerable to infringement. People used this opportunity to try to receive large settlements from corporations for a corporation using a product that an inventor created. As time progressed, railroad technologies began being controlled by Corporate Research. The Federal Government and Corporations conflicted more, In Conclusion, Industrialization led to Monopolies, the railroad industry, and patents being used for corruption. Monopolies damaged the economy and caused fraud. Business owners became money hungry, and abused their control over the market such as overpricing goods and causing other related businesses to fail.
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