QQuestionAdvanced Placement
QuestionAdvanced Placement
What is the definition of a trust in AP U.S. History (APUSH)?
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Answer
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Step 1I'll provide a clear, structured explanation of a trust in the context of AP U.
S. History:
Step 2: Definition of a Trust
A trust is a large business combination or monopoly that emerged during the late 19th century (Gilded Age), where multiple companies in the same industry would consolidate under a single management structure to reduce competition and control market prices.
Final Answer
In APUSH, a trust is a monopolistic business combination that consolidated corporate power, eliminated competition, and controlled market prices during the late 19th and early 20th centuries, ultimately leading to significant antitrust legislation.
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