Businesses in the Western Migration were a new kind of businesses. The farming companies came in with their hundreds of acres of growing crops, mining companies hiring hundreds of professional miners in search of gold and other precious metals, and the new big company, railroads along with steel making companies.

The railroad companies not only made trains and the railroad tracks but some made the metal that needed to be used for construction or the company had to go to a steel company and buy from them. Well all of these companies were all in competition with each other over who had more and better steel products to make a monopoly. Some were successful and some weren’t.

A new idea came into play so that every company in their kind of business could make a profit and get revenue. The idea was that all the companies that made steel would all agree that they would make a certain amount of steel and if so they all would make a profit, but if a company lied and made a little more, they would make a little extra. But this idea was bad news for other companies.

The farming and mining industries alike would get hurt by this believe it or not because since the steel companies were all in agreement, they weren’t in competition so prices were all the same so equipment for farming and mining was hard to find a good bargain. Its like if every gas station had the same price of gas every where, you would lose a little money because you normally go to the cheaper gas station.

The government realized this and changed some laws around ordering companies they can’t work all together to have a monopoly. The companies could still merge together to increase revenue in most situations.