Explain the effects of trusts and monopolies on American business.

What is the purpose of this paper?Industry in the late 1800s was dominated by trusts. Successful trusts became monopolies, which had negative effects on workers and consumers. Monopolies benefited leaders of business but were detrimental to workers and consumers. By studying primary documents associated with Standard Oil’s business practices, you can better understand efforts to break trusts and support your answer to the following question: Should the government break up Standard Oil’s monopoly?What is the paper?Write an essay in which you answer the following question: Should the government break up Standard Oil’s monopoly? Use information from primary sources to support your answer.What are the requirements of this paper?Present a multi-paragraph essayCompose approximately two pagesProvide support from primary sources to advance your positionHow do I complete the paper?Gather your informationReview the course material and additional research to make sure you understand Standard Oil’s dominance in the oil industry and the government efforts to break monopolies.Review your notes from the document analyzer to answer the questions above.Write a complete answer to the question in your own words. If you need to look for information outside of the course, be sure to write what you find in your own words as well.This assignment requires the use of valid, reliable resources such as those found on Ebsco Host and Britannica Online. Links to these sources are located at the bottom of the course home page. Please use these resources to begin your research. NOTE the differences between primary and secondary resources per the specific assignment instructions.Organize the answers and information that you gather so that similar or related information goes together. Write your essay to support your answer to the question.In your first paragraph, provide background information on industry in the late 1800s.In the second paragraph, explain the effects of trusts and monopolies on American business.In your third paragraph, answer the main question and support your answer with information from primary sources.In your last paragraph, explain the impact of Standard Oil on American business.