WW1 had left the German economy in shambles because of the reparations they had to pay. The sudden surge in demand for supplies made thousands of jobs for the unemployed and boosted the GDP.
How do monopolies affect the price of goods?
A monopoly contributes to price increases, leads to the creation of inferior products and discourages innovation. Monopolies inhibit free trade and limit the effectiveness of a free-market economy.
Explanation:
In comparison to the deferred compensation of 1833, it authorized entirely duty-free entry of many raw resources used by U.s. economy. It also specified that all tariffs should be charged to importing companies in cash without any credit allowed.
The 1763 Treaty of Paris ended the major war known by Americans as the French and Indian War and by Canadians as the Seven Years' War / Guerre de Sept Ans, or by French-Canadians, La Guerre de la Conquête. It was signed by Great Britain, France and Spain, with Portugal in agreement. Preferring to keep Guadeloupe, France gave up Canada and all of its claims to territory east of the Mississippi River to Britain. With France out of North America this dramatically changed the European political scene on the continent.
