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Margarita [4]
3 years ago
12

What was the primary purpose of a stamp act​

History
1 answer:
kirza4 [7]3 years ago
7 0

Answer:

<h3>American colonists and required them to pay a tax on every piece of printed paper they used. Ship's papers, legal documents, licenses, newspapers, other publications, and even playing cards were taxed.</h3>
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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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