... the volume and variety of manufactured goods, and changes in the dynamics of society. In the process of industrialization, capitalism took a new form. Preindustrial era, capitalism was an economic system which private individuals own goods and services that are available for sale/exchange in a free market to produce a profit. As production shifted from handicraft to mechanized work, ... Trusts sought control of industries through vertical organization such as controlling the drilling, processing, refining, marketing, and distribution of oil in the U.S. In contrast cartels tried to elimin...

• Word Count: 1625
• Approx Pages: 7
• Has Bibliography
• Grade Level: Graduate