Henry Demarest Lloyd is arguing that the extreme wealth of monopolies is bad for the commonwealth of the people. He explains that by having a monopoly, they are able to control all means of their business in order to profit themselves. Business owners are legally allowed to reduce production and increase prices in order to sustain a high demand for their product. Lloyd appeals to his audience through pathos by exposing the negative side of monopolies. He states that “they are gluttons of luxury and power, rough, socialized, believing that man must be kept terrorized.” With these words he is implying that those who run monopolies are evil men who don’t care about anyone but themselves, that they are not looking to improve the greater good of the community but are only interested in improving their own livelihood. During a time when successful people thrived on the idea of survival of the fittest, Lloyd exposes them for what they truly are—selfish. This is historically significant because it arose right after the US had gotten rid of one significant evil (slavery) and Lloyd implies that monopolies are no better than it, just not as cruel. I think that Lloyd’s argument is very convincing. He gives real reasons on why monopolies are detrimental to the general public and exposes them for what they really are, a way for the rich to keep getting richer.