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poizon [28]
2 years ago
12

Describe two economic problems hidden by the business boom of the 1920s.

History
1 answer:
prisoha [69]2 years ago
7 0

Answer: Mining companies, railroads and farms weren't doing well.

Explanation:

rural families became less isolated, people became more independent, lived farther from jobs and led to urban sprawl. Describe two economic problems hidden by business boom of 1920s. Mining companies, railroads and farms weren't doing well.

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Monopolies are bad for the economy because lack of competition allows a few to set prices, stagnate competition.

Explanation:

How did the rich take advantage:

The rich had ready capital to either buy out smaller competitors or drive them out with undercut prices until the competitor failed, then prices to consumer went back up even higher.

It happened in the early industrial revolution:  Rockefeller/Standard Oil,

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Still going on today, especially in the tech arena.

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4 0
2 years ago
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Which of the following shows the correct order of events
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In addition to being a political activist Martin Luther king ,jr was a
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