The answer to your question is true.
Answer:
Actually, founded in 1901, the Socialist Party grew rapidly in the years before World War I, claiming 113,000 members in 1912, making it, briefly, one of the largest socialist movements in the world. The SP won more than 900,000 votes in elections in 1912 and again in 1920. The movement's strength was evident also in the hundreds of party affiliated newspapers and the election of mayors, council members, and other officials in more than 300 cities. The Red Scare that began in 1917 and the loss of the majority of members to the two communist parties founded in 1919 severely damaged the movement, but through the 1920s and 1930s the SP enjoyed significant strength in some states and cities.
Explanation:
The colonists opposed the taxes imposed after the French and Indian War
because they claimed that since the colonies had no representation in
parliament, Parliament had no right to tax them.The British
parliament was of the opinion that this was the
way they could cover the cost of the French and Indian War. This
actually was
the basis for a greater revolution among the colonists in the later
stages.
When the light bulb industry becomes a competitive market, the price of the light bulb will decrease. This is due to the fact that the industry will no longer monopolize the production of light bulb, other competitors will bring their product to the market. Thus, this will result to competition which will bring the prices lower since consumers will opt to buy lower prices of the same product.
