On the contrary, prices tended to fall during the latter part of the 1800's creating what some have called a "consumer's millennium". Thus, the agrarian complaints against monopolies were not incredibly valid, for the monopolies did very little harm to farmers of the time. The improvements made in the transportation system, namely the railroads, was one of the most significant elements to the success of American industrialization...
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However, in some ways, the railroads hurt small shippers and farmers more than they helped them in the late nineteenth century. The acute competition between rail companies led to the need of ways to win business. As a result, many railroad companies offered rebated and drawbacks to larger shippers who used their rails, and while this helped the large shippers it undeniably hurt the smaller ones...
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