Artifacts because they’re old relics
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.
Two conflicts-the War of the Spanish Succession and the war in the Baltic-almost merged into a single pan-European war. Even though Russia and Prussia appeared on the international scene, the balance of power that emerged after the Thirty Years ' War was never broken. None of the great powers could achieve unconditional dominance over rivals.
In the 18th century, France was weakened. Sweden, Spain, and Holland withdrew to the second roles. The strongest players looked England and the Austrian Empire. Prussia and Russia were gaining political weight.
