Britain took partial control of canal in 1875. this happened because the ruler of Egypt was in serious financial difficulties. He owned a large bloc of sharesv in the canal and sold them off to take care of his debt
Monopoly : has one supplier of a product. The seller here has market power and can control both price and quantity
Collision: when competing firms make a secret agreement to try to control a market. Collusion (practiced by cartels) is illegal in the United States. It reduces the level of competition in a market. Is more difficult in markets with large numbers of buyers and sellers.
Monopolies and collusion among sellers:
eliminate competitionIn industries with less competition, prices are likely to be higher
The Indian Relocation Act of 1956 is also known as Public Law 959 or the Adult Vocational Training Program. The three intended purposes of the Indian Relocation Act of 1956 are;
- To provide job training for Native Americans, primarily in industry.
- To help Native Americans settle in urban areas
- To provide new reservations for Native Americans in better locations.
<h2>Relocation Act of 1956
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This was known to be a paid moving expenses and provided vocational training to Native Americans. This are set up for the people who were willing to move off the reservation into urban areas.
The United States law aim to encourage Native Americans in the United State to leave Indian reservations and adopt into the population in urban areas.
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The main reason why Alexis de Tocqueville traveled to the united states was to observe American democracy in action, and to take note of what worked and what didn't, as many European countries were going through democratic revolutions of their own.
