Word: suffering
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Dates: during 1900-1909
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...competitive system in business develops this. Trusts bring about the opposite result, setting aside competition, and saving the weak by sheltering them in combinations. This makes little difference in the industrial world, for in the first case many of these weaker establishments would fail, and their creditors would thus suffer. Those who favor trusts say that by them inefficient men are kept from trying to do business independently, thus preventing a great economic evil, and that capable men are given good positions, good salaries, and good opportunities for developing their individual abilities under trusts. One of the worst evils...
...using to the best advantage the labor and capital employed, the combinations might sell their products below competitive rates. Experience, however, has shown that in most cases the larger organizations have secured sufficient control of the market to enable them to raise their prices, thus making consumers suffer for the benefit of stockholders. This has been the result of the organization of the American Sugar Refining Co., the Standard Oil Co., the American Tin Plate Co., and the American Steel and Wire...