Social Darwinism theory embraced in the late nineteenth and early twentieth centuries argued that the economic and political dominance of the world by caucasians was inevitable and justified.
According to the hypothesis, natural selection would cause the most bright, hardworking, and successful people to become affluent and thrive, while the illiterate and slothful people would stay poor and disappear. This justification of upper-class society's accumulation of riches and the government's laissez-faire policies fostered the development of strong monopolies and trusts that dominated the political and economic landscapes of the late 19th and early 20th centuries.
Building monopolies in the steel and oil industries allowed industrialists like John D. Rockefeller and Andrew Carnegie to gain significant money and power. They were in complete control of the economy and firmly subscribed to the Social Darwinist theory of "survival of the fittest."
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