A monopoly is an enterprise that is the only seller of a good or service. In the absence of government intervention, a monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit. Just being a monopoly need not make an enterprise more profitable than other enterprises that face competition: the market may be so small that it barely supports one enterprise. But if the monopoly is in fact more profitable than competitive enterprises, economists expect that other entrepreneurs will enter the business to capture some of the higher returns. If enough rivals enter, their competition will drive prices down and eliminate monopoly power.
George Washington lived on a farm in his childhood
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In response some Cherokees began moving from their homelands in Georgia and Tennessee to the Southern Great Plains. ... Under the legal authority of this Act, in 1838-1839, the United States military forcibly and brutally force-marched thousands of Cherokee to their new home in what would become Oklahoma.
True, the Articles of Confederation gave little power to the central government. The main reason is the central or federal government couldn't tax the states.
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Income Taxes in America. The first income tax was created in 1861 during the Civil War as a mechanism to finance the war effort. In addition, Congress passed the Internal Revenue Act in 1862 which created the Bureau of Internal Revenue, an eventual predecessor to the IRS.
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