Answer:
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,
Carnegie and JP Morgan= Steel industry
Still going on today, especially in the tech arena.
Able to manipulate what we buy, the way we think, etc.
We need to be responsible, situationally aware consumers.
The Underground Railroad is not a railroad that is underground, instead, it is referring to a secret passage for slave escaping in safe houses. The conductor of the Underground Railroad could be the person who helps the slave escape, the lines could refer to the road or the passage which the slaves escaped from one safe house to another, the station could refer to the stops they make in the safe houses, and the freight may refer to the slaves that are escaping.
<span>They believed in predicting the future, and had a written language.</span>
Answer:
A combination of unpaid loans, bad debts, and mass withdrawals
Explanation:
Deflation increased the real burden of debt and left many firms and households with too little income to repay their loans. Bankruptcies and defaults increased, which caused thousands of banks to fail. In each year from 1930 to 1933, more than 1,000 U.S. banks closed.
Answer:
proved to be the turning point of the Seven Years' War. In 1763 the French ceded all their territories in North America. The continent was now controlled by the British, though the Spanish also gained some land to the west.
Explanation:
because over the seven years they have to fight the french war
