What ways did business leaders in the late 1800s try to eliminate competion?
They weren't called Robber Barons for nothing.
Please check your book for the ways that these business leaders charged lower prices than their competitors, paid lower wages, and bought other companies to form monopolies. With monopolies, these Robber Barons then raised the consumer prices and continued to treat their laborers poorly.
To answer your question about the ways business leaders in the late 1800s tried to eliminate competition, I would suggest consulting reliable historical sources such as books, articles, or academic research.
One book that extensively covers this topic is "The Myth of the Robber Barons" by Burton W. Folsom Jr. This book sheds light on the strategies employed by business leaders during that era. It is always important to verify information from multiple sources to form a comprehensive understanding.
By reviewing such sources, you can gather information on some of the tactics used by business leaders in the late 1800s to eliminate competition. These tactics often involved charging lower prices than their competitors, driving them out of the market. This was possible due to the monopolistic power these leaders held, which allowed them to dictate prices and capture a larger market share.
Another strategy used was to pay lower wages to workers, which allowed these business leaders to reduce costs and maintain a competitive edge. Additionally, they would acquire or merge with other companies to form monopolies, consolidating their control over specific industries.
Monopolies gave these business leaders the ability to manipulate prices, exploit consumers, and hinder competition. They could raise consumer prices to maximize profits and maintain control over the market. These monopolistic practices further perpetuated income inequality and poor working conditions for laborers during that period.
Remember, it is always beneficial to consult reliable sources to gain a deeper understanding of historical events and the actions of business leaders.