Article by WorldNews.com Correspondent Dallas Darling. “The man who dies rich dies a disgrace.” Andrew Carnegie By the end of the 19th century, a growing number of people in America were becoming increasingly concerned about a glaring aspect of capitalism: the overwhelming power of monopolies and an ever increasing gap between the very rich and working poor. Not only did one percent of the population control eighty-eight percent of the nation’s assets, but monopolies, or businesses that controlled enormous sums of capital and the processes of production, like workers, wages, machinery and resources, continually manipulated markets and pricing. The American economy fluctuated erratically…
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Posted by
on March 6, 2011. Filed under