Why were Alfred Krupp’s, John D. Rockefeller’s and Andrew Carnegie’s companies

considered monopolies? How did forming monopolies benefit industry leaders?

Alfred Krupp’s, John D. Rockefeller’s and Andrew Carnegie’s companies considered monopolies as it used aggressive methods.

Therefore we can conclude that Alfred Krupp, John D. Rockefeller and Andrew Carnegie captured the market.

Learn more about Andrew Carnegie here:

link

Aggressive methods of enlargement.

Explanation:

At the end of the nineteenth century, some industries created a monopoly on the market, and thus their owners gained enormous wealth. These corporations are taking advantage of the free market and all the benefits of the Industrial Revolution for the sake of enrichment. In these circumstances, many corporations do not respect business and legal codes and use the money to influence government.

On their way to power, they are "getting rid of" competitors and grabbing all market revenue. Society in America has resented this kind of capitalism. Such circumstances and public pressure led to the reckoning of governing structures with monopolistic capitalism.

the outcome of 1970 oil crisis in united states was that, they began to search ways on how to reduce oil.

in 1970 was a period when there were energy and oil crisis. those who were major centers for industrialization were forced to keep way from supplying of petroleum.

some of the result of this crisis was economic growth became stagnant because prices of oil surged.

due to the increased prices some countries like mexico and norway benefited.