Industrialists formed trusts to do what?

Industrialists formed trusts to consolidate their control over specific industries, reduce competition, and maximize profits. By pooling resources and coordinating production and pricing, these trusts could establish monopolies or dominate market share. This allowed them to manipulate supply and demand, leading to increased market power and profitability. However, such practices often led to public outcry and regulatory responses due to concerns over unfair business practices.