It was the invention of the Printing Press that Johann Gutenberg introduced to Europe in the 1450s, which revolutionized the way in which books, and subsequently knowledge, were spread.
The term monopoly is characterized by the absence of competition, which can lead to high costs for consumers, inferior products and services, and corrupt behavior. A company that dominates a business sector or industry can use that dominance to its advantage.
Radical Republicans and Carpetbaggers
