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Word Count: 706
In the late nineteenth-century the United States was faced with an amazing set of circumstances Industrialization was increasing the countrys output and making way for inventions that would change everyday life Industrialization was also regressing the country to a time when the people were poor and ruled by a few Labor relations were tense to say the least This was a result of people being worked for long hours with little pay Violence erupted and an overwhelming percentage of the population was impoverished Still the electric light was invented the Bessemer process increased steel production machinery increased agricultural output and many miles of railroad were laid Many good and many bad things resulted from the explosion of capitalism The question about capitalism that every person must have asked themselves was this Were the good things that came of the late nineteenth-century worth the lives poverty and oppression The answer in many minds was no Mr Forrest McDonald attempted to answer this question in his essay McDonald ended his essay with a statement on the Sherman Antitrust Act Of this act McDonald stated the following it would lead Americans very near to killing the goose that had laid the golden eggs Trusts were what kept corporations in power during the time of the Sherman Antitrust Act The objective of the act was to help relieve the pressure that trusts could put upon small businesses Although McDonald was correct in his statement that the Sherman Antitrust Act was stupid because it did little to help the situation his assessment of trusts as laying golden eggs was wrong The only golden eggs that a trust laid were quickly stolen by the people controlling the trust While it may have been trusts and monopolies that made America a world power the only people who benefited from monopolies and trusts were the minute percentages of the population who were already rich People such as JP Morgan Andrew
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