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Brums [2.3K]
3 years ago
15

According to the proclamation of 1763 at the end of the French and Indian war

History
1 answer:
Alina [70]3 years ago
8 0
In 1763 at the end of the french and Indian war, the british issued a proclamation, mainly intended to conciliate the Indians by checking the encroachments of settlers on their land.
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Why were monopolies bad for the economy and how did the rich take advantage?
pochemuha

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

Explanation:

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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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The last one

(D) shipbuilding

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